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    <title>RECENT CHANGES IN CHAPTER V OF FINANCE ACT, 1994 .</title>
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    <description>The Finance Act, 2012 re casts service tax law by inserting Section 65B definitional provisions, imposing a levy under Section 66B on services provided in the taxable territory except those in the negative list, empowering rule making for place of provision (Section 66C), specifying a detailed negative list (Section 66D), and identifying declared services (Section 66E). Interpretive rules for bundled services (Section 66F), valuation timing (Section 67A), special audit powers (Section 72A), extended limitation for demands, and transitional exemption/refund mechanisms are also introduced.</description>
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    <pubDate>Wed, 13 Jun 2012 18:57:53 +0530</pubDate>
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      <link>https://www.taxtmi.com/article/detailed?id=1768</link>
      <description>The Finance Act, 2012 re casts service tax law by inserting Section 65B definitional provisions, imposing a levy under Section 66B on services provided in the taxable territory except those in the negative list, empowering rule making for place of provision (Section 66C), specifying a detailed negative list (Section 66D), and identifying declared services (Section 66E). Interpretive rules for bundled services (Section 66F), valuation timing (Section 67A), special audit powers (Section 72A), extended limitation for demands, and transitional exemption/refund mechanisms are also introduced.</description>
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