Government
of India
Ministry
of Finance
(Department
of Revenue)
***
Notification
No. 03/2014-Service Tax
New
Delhi, 3rd February, 2014
G.S.R….(E).-
Whereas, the Central Government is satisfied that a practice was generally
prevalent regarding levy of service tax (including non-levy thereof), under
section 66 of the Finance Act, 1994 (32 of 1994) (hereinafter referred to as
‘the Finance Act’), on
services provided by an
authorised person or sub-broker to the member of a recognised
association or a registered association, in relation to a forward contract,
and that
such services were liable to service tax under the Finance Act, which was not
being levied according to the said practice during the period commencing from
the 10th day of September
2004 and ending
with the 30th
day of June 2012;
Now, therefore, in exercise of the
powers conferred by section 11C of the Central Excise Act, 1944 (1 of 1944),
read with section 83 of the Finance Act, the Central Government hereby directs
that the service tax payable on the services provided by an authorised person or sub-broker to the member of a recognised
association or a registered association, in relation to a forward contract,
shall not be required to be paid in respect of such taxable service on which the
service tax was not being levied during the aforesaid period in accordance with
the said practice.
[F.
No. 354/131/2013 – TRU]
(Raj Kumar Digvijay)
Under
Secretary to the Government of India
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