Amendment in Sec. 66F (1)

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....mendment in Sec. 66F (1)<br> Query (Issue) Started By: - Admin TMI Dated:- 1-3-2015 Last Reply Date:- 1-3-2015 Service Tax<br>Got 1 Reply<br>Service Tax<br>Question - What are proposed amendment in S....

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....ec.66F (1) in Finance Bill 2015 ? Reply By Admin TMI: The Reply: Section 66F (1) prescribes that unless otherwise specified, reference to a service shall not include reference to any input service u....

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....sed for providing such services. An illustration is being incorporated in this section to exemplify the scope of this provision. As illustrated, reference to service provided by the Reserve Bank of In....

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....dia (RBI), in section 66D (b) does not include any agency service provided by other banks to RBI, as such agency services are input services used by RBI for provision of its main service. Accordingly,....

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.... banks providing agency service to or in relation to services of RBI, are liable to pay Service Tax on the agency services so provided by virtue of the existing Section 66F (1).<br> Discussion Forum -....

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.... Knowledge Sharing ....