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of <h1>India Amends Service Tax Rules: New Valuation Methods for Works Contracts, Food Services, and More Under Rule 2A and Rule 2C.</h1> The Government of India issued Notification No. 11/2012 to amend the Service Tax (Determination of Value) Rules, 2006, effective from the date Section 66B of the Finance Act, 1994, comes into effect. The amendment revises Rule 2A to specify how the value of taxable services in works contracts is determined, excluding VAT or sales tax and including various charges and profits. It introduces Rule 2C for determining the value of services in food supply at restaurants or outdoor catering. Other amendments include changes to rules regarding non-monetary considerations, telecommunication services, and provisions for demurrage and accidental damages.
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