https://www.taxtmi.com/acts?id=23509 The Bill omits and substitutes specific service tax definitions, repeals a section, raises the advance ruling application fee and extends the ruling time limit; it transfers pending advance ruling applications from the former authority to the income tax authority at their existing procedural stage. The Bill grants retrospective targeted exemptions for upfront lease consideration charged by state industrial development bodies and for life insurance services in military group schemes, and retrospectively clarifies that land value is excluded from the service portion in certain works contract valuations. en-us Wed, 01 Feb 2017 17:26:56 +0530 Thu, 02 Feb 2017 10:26:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=23509 The Bill omits and substitutes specific service tax definitions, repeals a section, raises the advance ruling application fee and extends the ruling time limit; it transfers pending advance ruling applications from the former authority to the income tax authority at their existing procedural stage. The Bill grants retrospective targeted exemptions for upfront lease consideration charged by state industrial development bodies and for life insurance services in military group schemes, and retrospectively clarifies that land value is excluded from the service portion in certain works contract valuations. Act-Rules Bill Wed, 01 Feb 2017 17:26:56 +0530 https://www.taxtmi.com/acts?id=23509