https://www.taxtmi.com/article/detailed?id=1668 Budgetary amendments to the Service Tax (Determination of Value) Rules, 2006 merge the Works Contract composition scheme into Rule 2A and adjust composition rates with specified effective rates by contract type; retain the Rule 2A valuation method; introduce Rule 2C prescribing valuation percentages for restaurant and outdoor catering services; amend Rule 3 wording where value is not ascertainable; revise Rule 5's explanatory reference to telecommunication service; include demurrage and analogous charges in Rule 6(1); clarify exclusions in Rule 6(2) regarding interest on deposits and delayed payment interest; and omit Rule 7 on services from outside India. en-us Fri, 23 Mar 2012 16:11:47 +0530 Fri, 23 Mar 2012 16:11:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=1668 Budgetary amendments to the Service Tax (Determination of Value) Rules, 2006 merge the Works Contract composition scheme into Rule 2A and adjust composition rates with specified effective rates by contract type; retain the Rule 2A valuation method; introduce Rule 2C prescribing valuation percentages for restaurant and outdoor catering services; amend Rule 3 wording where value is not ascertainable; revise Rule 5's explanatory reference to telecommunication service; include demurrage and analogous charges in Rule 6(1); clarify exclusions in Rule 6(2) regarding interest on deposits and delayed payment interest; and omit Rule 7 on services from outside India. Articles Service Tax Fri, 23 Mar 2012 16:11:47 +0530 https://www.taxtmi.com/article/detailed?id=1668