New Service Tax provisions to be applicable from 1st July 2012

The Finance Act 2012 had proposed major changes in the Service Tax (including the negative list approach) provisions. As the Finance Act has received the assent of the President of India, the new provisions have come into effect. Accordingly, the Government of India has notified the dates from which these new provisions will be made applicable. As per this notification, the new service tax provisions will be applicable w.e.f 1st July 2012.

The relevant notification is reproduced below :-

[gview file=””]