Section 66BA of Finance Act, 1994 – Section 66 to be construed as Section 66B

Background

Finance Act, 1994 governs the service tax in India. Service tax does not have its own statue. It is levied and collected under Finance Act, 1994. From time to time, finance act is amended from time to time and changes are made under service tax regime.

However, the service tax took a turnaround in the year 2012, when the main concepts of service tax are replaced with totally new concepts. Earlier, the charge of service tax was created by section 66 and 66A. However, after 2012, these sections were replaced by section 66B.

Through service tax was changed substantially, still there were some sections which were referring to old section like section 66 and 66A.

Hence, to avoid the ambiguity, Section 66BA was introduced by Finance Act, 2013, which states that section 66, should be construed as section 66B of Finance Act.

Bare Text

Bare text of the section is available in the annexure. Also, PDF version of the section is also available to download.

Applicability

This section was introduced by Finance Act, 2013 and it is valid since 10/05/2013.