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of <h1>Central Government Sets July 16, 2001, as Start Date for New Service Tax Under Finance Act, 2001</h1> The Central Government, under the authority of section 137 of the Finance Act, 2001, has designated July 16, 2001, as the effective date for the amendment of the Finance Act, 1994. This amendment involves the imposition of service tax on new services as outlined in the Finance Act, 2001. The service tax will be levied according to sub-section (5) of section 66 of the Finance Act, 1994. This notification, identified as No. 4/2001-Service Tax, was issued on July 9, 2001.
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