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[TO BE PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINARY, PART II, SECTION 3, SUB-SECTION (i)]
Government of India
Ministry of Finance
(Department of Revenue)
***
Notification No. 03/2014-Service Tax
New Delhi, 3
rd
February, 2014
G.S.R....(E).- Whereas, the Central Government is satisfied that a practice was generally prevalent regarding levy of service tax
(including non-levy thereof), under section 66 of the Finance Act, 1994 (32 of 1994) (hereinafter referred to as 'the Finance
Act'), on services provided by an authorised person or sub-broker to the member of a recognised association or a registered
association, in relation to a forward contract, and that such services were liable to service tax under the Finance Act, which was
not being levied according to the said practice during the period commencing from the 10
th
day of September 2004 and
ending with the 30
th
day of June 2012;
Now, therefore, in exercise of the powers conferred by section 11C of the Central Excise Act, 1944 (1 of 1944), read with
section 83 of the Finance Act, the Central Government hereby directs that the service tax payable on the services provided by
an authorised person or sub-broker to the member of a recognised association or a registered association, in relation to a
forward contract, shall not be required to be paid in respect of such taxable service on which the service tax was not being
levied during the aforesaid period in accordance with the said practice.
[F. No. 354/131/2013 - TRU]
(Raj Kumar Digvijay)
Under Secretary to the Government of India
notifications no 03 2014 st | iKargos