Finance Act (Service Tax) 1994
Section 66: - Charge of service tax.
(1) On and from the date of
commencement of this Chapter, there shall be levied a tax (hereinafter referred
to as the service tax), at the rate of five per cent of the value of the taxable
services referred to in sub-clauses (a), (b) and (d) of clause (90) of section
65 and collected in such manner as may be prescribed.
(2) With effect from the date
notified under section 85 of the Finance (No.2) Act, 1996 (33 of 1996), there
shall be levied a service tax at the rate of five per cent of the value of the
taxable services referred to in sub-clauses (c), (e) and (f) of clause (90) of
section 65 and collected in such manner as may be prescribed
(3) With effect from the date
notified under section 88 of the Finance Act, 1997 (26 of 1997), there shall be
levied a service tax at the rate of five per cent of the value of the taxable
services referred to in sub-clauses (g), (h), (i), (j), (k), (l), (m),
(4) With effect from the date
notified under section 116 of the Finance (No.2) Act, 1998 (21 of 1998), there
shall be levied a service tax at the rate of five per cent of the value of the
taxable services referred to in sub-clauses (p), (q), (r), (s),
(5) With effect from the date
notified under section 137 of the Finance Act,
2001 (14 of 2001),
there shall be levied a service tax at the rate of five per cent of the value of
the taxable services referred to in sub-clauses (za), (zb), (zc), (zd), (ze),
(6) With effect from the date
notified under section 149 of the Finance Act, 2002, there shall be levied a
service tax at the rate of five per cent of the value of the taxable services
referred to in sub-clauses (zp), (zq), (zr), (zs), (zt), (zu), (zv),