https://www.taxtmi.com/article/detailed?id=7370 Section 129 of the Finance Act, 2017 and the Sixth Schedule retrospectively amend rule 2A to provide that the value of the service portion in a works contract involving transfer of land excludes the value of the land transferred. A deeming provision treats actions taken during the retrospective period as validly done as if the amendment had always been in force, creating potential retrospective service tax liability for builders while leaving room for limitation-based defences where show-cause notices were not issued. en-us Thu, 13 Apr 2017 12:19:39 +0530 Fri, 14 Apr 2017 12:27:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=7370 Section 129 of the Finance Act, 2017 and the Sixth Schedule retrospectively amend rule 2A to provide that the value of the service portion in a works contract involving transfer of land excludes the value of the land transferred. A deeming provision treats actions taken during the retrospective period as validly done as if the amendment had always been in force, creating potential retrospective service tax liability for builders while leaving room for limitation-based defences where show-cause notices were not issued. Articles Service Tax Thu, 13 Apr 2017 12:19:39 +0530 https://www.taxtmi.com/article/detailed?id=7370