[Section 107 of Finance Act 2018 deals with Special provision for retrospective exemption from service tax on Government’s share of profit petroleum and is covered in CHAPTER IV INDIRECT TAXES]

Special provision for retrospective exemption from service tax on Government’s share of profit petroleum

107 . (1) Notwithstanding anything contained in section 66B of Chapter V of the Finance Act, 1994 (32 of 1994), as it stood prior to its omission vide section 173 of the Central Goods and Services Tax Act, 2017 (12 of 2017) (hereinafter referred to as the said Chapter), no service tax, leviable on the consideration paid to the Government in the form of Government’s share of profit petroleum, as defined in the contract entered into by the Government in this behalf, shall be levied or collected in respect of taxable services provided or agreed to be provided by the Government by way of grant of license or lease to explore or mine petroleum crude or natural gas or both, during the period commencing from the 1st day of April, 2016 and ending with the 30th day of June, 2017 (both days inclusive).

(2) Refund shall be made of all such service tax which has been collected, but which would not have been so collected, had sub-section (1) been in force at all material times:

Provided that an application for the claim of refund of service tax shall be made within a period of six months from the date on which the Finance Bill, 2018 receives the assent of the President.

(3) Notwithstanding the omission of the said Chapter, the provisions of the said Chapter shall apply for refund under this section retrospectively as if the said Chapter had been in force at all material times.

Finance Act 2018 : Assented by President : Download Print Notification

[Section 106 of Finance Act 2018 deals with Special provision for exemption from service tax in certain cases relating to services provided or agreed to be provided by Goods and Services Tax Network, retrospectively and is covered in CHAPTER IV INDIRECT TAXES]

Special provision for exemption from service tax in certain cases relating to services provided or agreed to be provided by Goods and Services Tax Network, retrospectively

106 . (1) Notwithstanding anything contained in section 66B of Chapter V of the Finance Act, 1994 (32 of 1994), as it stood prior to its omission vide section 173 of the Central Goods and Services Tax Act, 2017 (12 of 2017) (hereinafter referred to as the said Chapter), no service tax shall be levied or collected in respect of taxable services provided or agreed to be provided by the Goods and Services Tax Network to the Central Government or the State Government or the Union territory Administration, during the period commencing from the 28th day of March, 2013 and ending with the 30th day of June, 2017 (both days inclusive).

(2) Refund shall be made of all such service tax which has been collected, but which would not have been so collected, had sub-section (1) been in force at all material times:

Provided that an application for the claim of refund of service tax shall be made within a period of six months from the date on which the Finance Bill, 2018 receives the assent of the President.

(3) Notwithstanding the omission of the said Chapter, the provisions of the said Chapter shall apply for refund under this section retrospectively as if the said Chapter had been in force at all material times.

Finance Act 2018 : Assented by President : Download Print Notification

Law of Service Tax In India [2017 edition] Paperback – 2017 by Dr. Sanjiv Agarwal (Author)

in Two Volumes

As Amended by the Finance Act 2017

Incorporating Notifications / Circulars issued up to 31-3-2017 including New Chapter on OIDAR Services

A Comprehensive Book on Service Tax Law, Practice & Procedures and Taxable/Exempt Services useful for Professionals, Service Providers & Assessees and a Reference Book for Revenue Officers

Price Rs 4076. Click to buy Book online

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Price Rs 1295. Click to buy online

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Service Tax Ready Reckoner (29th Edition 2017-As Amended by Finance Act 2017) Paperback – 2017 by V.S Datey

As Amended by Finance Act 2017

Price Rs 1550. Click to buy online

• Paperback: 1030 pages
• Publisher: Taxmann Publications Pvt. Ltd.; 29th Edition edition (2017)

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