Amendments in Service Tax (Determination of Value) Rules, 2006

[Service Tax Notification No. 24 dated 31st March 2011]

In exercise of the powers conferred by clause (aa) of sub-section (2) of section 94 of the Finance Act, 1994 (32 of 1994), the Central Government hereby makes the following rules further to amend the Service Tax (Determination of Value) Rules, 2006, namely :-

1. (1) These rules may be called the Service Tax (Determination of Value) Second Amendment Rules, 2011.

(2) They shall come into force on the 1st day of April, 2011.

2. In the Service Tax (Determination of Value) Rules, 2006, in rule 2B, for the words “reference rate for that currency for that day”, the words “reference rate for that currency at that time” shall be substituted.

[F. No. 334/3/ 2011 – TRU]