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SERVICE TAX TRADE NOTICE NO. 22/2004 Dated: 05.10.2004 |
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Sub: Service Tax – Communication of Corrigendum to Notification No. 11/2004-ST Notification No. 29/2004- ST, and Notification No.30/2004-ST–Reg. ******** Copy
of Corrigendum to Notification No.11/2004-ST Notification No:
29/2004-ST dated 22.09.2004, and Notification No:
30/2004-ST dated 22.09.2004 issued by the Government
of India, Ministry of Finance, Department of Revenue, Central Board of
Excise and Customs are communicated herewith for information and necessary
action. The content of this trade notice may be brought to the knowledge
of all concerned.
(U.NIRANJAN) JOINT
COMMISSIONER CHENNAI
III (Issued from File C.No.IV/16/302/2004 S.Tax) TO BE PUBLISHED IN PART II SECTION 3
SUB-SECTION (i) OF THE GAZETTE OF INDIA, EXTRAORDINARY
DATED THE 22ND
SEPTEMBER, 2004
31 BHADRAPADA, 1926 (SAKA) Government of India Ministry of Finance (Department
of Revenue) *** New Delhi dated the 22nd September, 2004 31 Bhadrapada, 1926 (Saka) CORRIGENDUM
G.S.R. (E).-
In the notification of the Government of India in the Ministry of
Finance (Department of Revenue), No. 11/2004-Service Tax, dated the 10th
September, 2004, published in the Gazette of India, Extraordinary, Part
II, Section 3, Sub-section (i) vide G.S.R. 585 (E), dated the 10th
September, 2004, at page 7, in line 6, for
“, address and the registration number”, read “and
address”. [F. No. B2/ 3/2004-TRU] (Anupam Prakash)
Under
Secretary to the Government of India ************** TO BE PUBLISHED IN PART II SECTION 3
SUB-SECTION (i) OF THE GAZETTE OF INDIA, EXTRAORDINARY
DATED THE 22ND
SEPTEMBER, 2004
31 BHADRAPADA, 1926 (SAKA) Government of India Ministry of Finance (Department
of Revenue) *** New Delhi dated the 22nd September, 2004 31 Bhadrapada, 1926 (Saka) NOTIFICATION G.S.R.
(E).- In exercise of the powers conferred by sub-section (1) of
section 93 of the Finance Act, 1994 (32 of 1994), the Central Government,
being satisfied that it is necessary in the public interest so to do,
hereby exempts so much of the value of taxable service provided to a
customer, by a banking company or a financial institution including a
non-banking financial company, or any other body corporate or commercial
concern, in relation to,- (a)
overdraft facility; (b)
cash credit facility;
or (c)
discounting of bills,
bills of exchange or cheques, as is equivalent to the amount of interest on such overdraft, cash
credit or, as the case may be, discount, from the service tax leviable
thereon under section 66 of the said Act, subject to the condition that
the said interest amount is shown separately in an invoice, a bill or, as
the case may be, a challan issued for this purpose. [F.
No. B2/8/2004-TRU] (Anupam Prakash)
Under Secretary to the Government of India ************** TO BE PUBLISHED IN PART II SECTION 3
SUB-SECTION (i) OF THE GAZETTE OF INDIA, EXTRAORDINARY
DATED THE 22ND
SEPTEMBER, 2004
31 BHADRAPADA, 1926 (SAKA) Government of India Ministry of Finance (Department
of Revenue) *** New Delhi dated the 22nd September, 2004 31 Bhadrapada, 1926 (Saka) NOTIFICATION
G.S.R.
(E).- In exercise of
the powers conferred by sub-section (1), read with sub-section (2) of
section 94 of the Finance Act, 1994 (32 of 1994), the Central Government
hereby makes the following rules further to amend the Service Tax Rules,
1994, namely :-
1.
(1) These rules may be called the Service Tax (Fourth Amendment)
Rules, 2004. (2) They shall come
into force on the date of their publication in the Official Gazette. 2.
In the Service Tax Rules, 1994, in rule 4A,- (a)
in sub-rule (1), the following proviso shall be inserted at the
end, namely,- “
Provided that in case the provider of taxable service is a banking company
or a financial institution including a non-banking financial company, or
any other body corporate or commercial concern, providing service to a
customer, in relation to banking and other financial services, an invoice,
a bill or, as the case may be, challan shall include any document, by
whatever name called, whether or not serially numbered, and whether or not
containing address of the person receiving taxable service but containing
other information in such documents as required under this sub-rule.”; (b)
in sub-rule (2), at
the end, the following proviso shall be inserted at the end, namely,- “
Provided that in case the input service distributor is an office of a
banking company or a financial institution including a non-banking
financial company, or any other body corporate or commercial concern,
providing service to a customer, in relation to banking and other
financial services, an invoice, a bill or, as the case may be, challan
shall include any document, by whatever name called, whether or not
serially numbered but containing other information in such documents as
required under this sub-rule.”.
[F. No. B2/8/2004-TRU] (Anupam Prakash)
Under
Secretary to the Government of India
Note.-
The principal rules were notified vide notification no.
2/94-Service Tax dated the 28th June 1994 and published in the Gazette of
India, Extraordinary vide number G.S.R.546 (E), dated the 28th June 1994
and were last amended vide notification No. 27/2004-Service Tax, dated the
13th September, 2004 [G.S.R. 610
(E), dated the 13th September, 2004].
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