Threshold Limit for Mandatory E-payment of Service Tax Slashed to Rs. One Lakh from Rs. 10 Lakhs

[Service Tax Notification No. 16 dated 22^nd November 2013]

In exercise of the powers conferred by sub-section (1) read with 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 Rules, 1994, namely:-

1. (1) These rules may be called the Service Tax Third (Amendment) Rules, 2013.

(2) They shall come into force on the 1^st day of January, 2014.

2. In the Service Tax Rules, 1994, in rule 6, in sub-rule (2), in the proviso, for the words “rupees ten lakh”, the words “rupees one lakh” shall be substituted.

F.No: 137/116/2012- Service Tax