Notes on Clauses - Service tax

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...., by notification, appoint. Clause 106 of the Bill of seeks to amend section 66B of 1994 Act so as to increase the service tax rate from twelve to fourteen per cent. Clause 107 of the Bill seeks to amend section 66D of 1994 Act so as to modify the scope of the services specified in negative list. Clause 108 of the Bill seeks to insert an illustration in subsection (1) of section 66F of 1994 Act....

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....ntion of the provisions of the Act or the rules made thereunder with the intent to evade payment of service tax. Clause 112 of the Bill seeks to substitute a new section for section 78 of 1994 Act relating to penalty for failure to pay service tax by reason of fraud, collusion, will ful mis-statement, suppression of facts or contravention of the provisions of the Act or the rules made thereunder ....