Finance Act (Service Tax) 1994

Charge of service tax on and after Finance Act, 2012.

Section 66B:- There shall be levied a tax (hereinafter referred to as the service tax) at the rate of Fourteen per Cent on the value of all services, other than those services specified in the negative list,provided or agreed to be provided in the taxable territory by one person to another and collected in such manner as may be prescribed.