Service Tax Applies Only to Contracts After July 1, 2003; Earlier Contracts Exempt Regardless of Payment Date.

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....Levy of service tax on receipt of amount after new levy whereas the contract was Concluded before levy - Any payment of contract which are entered after 1-7-2003 will invite Service Tax and any contract which is concluded prior to 1-7-2003 will not invite imposition of Service Tax. - HC....