Section 65B of Finance Act, 1994 – Interpretations and Definitions for Service tax

By Paras Mehra June 3, 2016

Section 65B plays a vital role in the understanding of this new system of taxation. The heading of this section is misleading; it contains the essential definition which serves as important clarification/explanation for the whole Act.

Section 66A of Finance Act, 1994 – The Reverse Charge Mechanism

By Paras Mehra June 3, 2016

Section 66A creates a charge on service recipient in some cases, basically in the cases of import. It basically deals with the reverse charge mechanism under service tax.

Section 66B of Finance Act, 1994 – Charge of Service Tax

By Paras Mehra June 3, 2016

Section 66B is the charging section and holds a vital importance in understanding the service tax act.

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

By Paras Mehra June 3, 2016

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

Section 66E of Finance Act, 1994 – Declared Service

By Paras Mehra June 3, 2016

Section 66E tells about the Declared service, which is the deeming fiction of law. It provides the lawmakers with an arbitrary power to declare any activity as a service.

Section 68 of Finance Act, 1994 – Payment of Service Tax

By Paras Mehra June 3, 2016

Section 68 provides for payment of service tax to the central government. Section 68 only provides that every person providing taxable service to any person shall pay service tax at the rate specified in section 66B.

Section 69 of Finance Act, 1994 – Registration for Service Tax

By Paras Mehra June 3, 2016

As per section 69, every person who is liable to pay the service tax under this chapter should apply for service tax registration.

Service Tax Applicability – Whether It Applies to you – Territorial Application – Section 64

By Agam Gupta June 1, 2016

Section 64 of FA 1994 tells us about the applicability of Service tax in India.

Negative list of services – No Service tax on these services – Section 66D

By Paras Mehra April 24, 2016

Negative list of services were introduced in the year 2012, when the levy of service tax took a paradigm change. Negative list of services means the list of services on which there is no service tax.