Service Tax Threshold Limit for E-Payment reduced from 10 Lakhs to 1 Lakh

TO BE PUBLISHED IN THE GAZETTE OF INDIA EXTRAORDINARY, PART II,   SECTION 3, SUB-SECTION (i)

GOVERNMENT OF INDIA

MINISTRY OF FINANCE

(DEPARTMENT OF REVENUE)

Notification No 16 /2013-Service Tax

New Delhi, the  22nd November, 2013

   1 Agrahayana, 1935 Saka

           

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  Third ( Amendment) Rules, 2013.

           (2)  They shall come into force on the 1^st day of January, 2014.

2.      In the Service Tax Rules, 1994,  in rule 6,  in sub-rule (2),  in the proviso,  for the words “ rupees ten lakh” , the words   “ rupees one lakh”   shall be substituted.

F.No: 137/116/2012- Service Tax

(Rajeev Yadav)

Director

Note: The principal notification was published in the Gazette of India, Extraordinary, Part II, Section 3,  Sub-section (i) vide notification No. 2/94-Service Tax, dated the 28^th June, 1994 vide number G.S.R 546(E), dated the  28^th June, 1994 and was last amended by notification No 5/2013- Service Tax, dated the 10^th April, 2013, vide GSR 236 (E) dated the 22^nd February, 2013.