New Rule 6 Amendment: Service Tax Due Immediately on Recording Transactions Between Associated Enterprises, Prospective Application Ensures Fairness.

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....By incorporating the explanation in Rule 6, the restriction was imposed for the first time that in case of transaction between associated enterprises, service tax has to be paid immediately on entry of the transaction in the books of account, the said amendment will be considered as prospective in effect, otherwise the doctrine of 'fairness' would be defeated. - AT....