Rescission of notification cancels prior exemption and reinstates the standard service tax rate effective from upcoming fiscal period. The Central Government, invoking its powers under the Finance Act, rescinds the earlier Department of Revenue notification altering service tax treatment, subject to a savings clause for actions taken or omitted before rescission, and fixes a commencement date when the withdrawal takes effect to restore the prior service tax regime.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Rescission of notification cancels prior exemption and reinstates the standard service tax rate effective from upcoming fiscal period.
The Central Government, invoking its powers under the Finance Act, rescinds the earlier Department of Revenue notification altering service tax treatment, subject to a savings clause for actions taken or omitted before rescission, and fixes a commencement date when the withdrawal takes effect to restore the prior service tax regime.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.