Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
Don't have an account? Register Here
<h1>India Amends Service Tax Rules: New Sub-rule 4C on Renting Property Tax Adjustments; Telecommunications Definition Updated</h1> The Government of India has amended the Service Tax Rules, 1994, through Notification No. 28/2007, effective from June 1, 2007. The amendment involves the insertion of sub-rule 4C, which addresses service tax on renting of immovable property. It allows taxpayers to adjust excess service tax paid due to non-availment of property tax deductions within one year. The adjustment must be reported to the Superintendent of Central Excise within fifteen days. Additionally, the amendment updates the definition of telecommunication services in rule 2, replacing specific communication methods with a broader term.