In the referred Bill, following important amendments are proposed which are likely to come into force w.e.f. 01/08/2009: Entry No. 9 of Schedule II for Brass Parts & Entry No. 18 of Schedule II for (i) Chemicals of All types & (ii) Solvent are deleted. Hence the said items will fall under residuary entry II/87. […]
The Finance (No.2) Bill, 2009 (the Bill) has proposed to make certain changes in Chapter V of the Finance Act, 1994 (the Act), the law governing service tax, some of which are effective on the enactment of the Bill and some thereafter from a date to be notified. In addition to the above, the Central […]