Registration threshold for special category service providers increased, altering eligibility for compulsory registration effective next fiscal year. The amendment substitutes the monetary ceiling in rule 3(2) of the Service Tax (Registration of Special Category of Persons) Rules, 2005 with a higher amount, thereby increasing the registration threshold for special category persons; the amendment is issued under section 94 of the Finance Act, 1994 and comes into force on the 1st day of April, 2008.
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Registration threshold for special category service providers increased, altering eligibility for compulsory registration effective next fiscal year.
The amendment substitutes the monetary ceiling in rule 3(2) of the Service Tax (Registration of Special Category of Persons) Rules, 2005 with a higher amount, thereby increasing the registration threshold for special category persons; the amendment is issued under section 94 of the Finance Act, 1994 and comes into force on the 1st day of April, 2008.
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