Service Tax (Determination of Value) Rules,2012

Service Tax (Determination of Value) Second Amendment Rules, 2012

Vide Notification No-24/2012-Service Tax  dated 06th June 2012, Government has made amendment in rules 2B, 3, 5 & 6; and inserted a rule 2C;and Rule 2A has been substitued while Rule 7 has been omitted.

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In exercise of the powers conferred by clause (aa) of sub-section (2) of section 94 of the Finance Act, 1994 (32 of 1994) and in supersession of the notification of the Government of India in the Ministry of Finance (Department of Revenue) number 11/2012 - Service Tax, dated the 17th March, 2012, published in the Gazette of India, Extraordinary, vide number G.S.R. 209 (E), dated the 17th March, 2012, the Central Government, hereby makes the following rules further to amend the Service Tax (Determination of Value) Rules, 2006, namely :-

Government of India notified the date of applicability of the service Tax provision based on Negative list of services. Relevant Notifications are appended below:-

Tax treatment of gratuity :- For the purpose of exemption of gratuity under sec.10 (10) of the income Tax Act, 1961 the employees are divided under three categories