Substitution of new section for section 7
Section 116 of the Finance Act, 1991 deals with substitution of new section for section 7. Substitution of new section for section 7.
Substitution of new section for section 7.
116. For section 7 of the Expenditure-tax Act, the following section shall be substituted, with effect from the 1st day of October, 1991, namely:—
"7. Collection and recovery of expenditure-tax.—(1) Where any chargeable expenditure is incurred in a hotel referred to in clause (1) of section 3,—-
(a) if such expenditure relates to any of the services, specified in sub-clauses (a) to (d) of clause (2) of section 5, provided by the hotel, the person who carries on the business of such hotel; and
(b) if such expenditure relates to any of the services, specified in sub-clause (b) or sub-clause (d) of clause (1) of section 5, provided by the other person referred to therein, such other person, shall collect the expenditure-tax at the rate specified in clause (a) of section 4.
(2) Where any chargeable expenditure is incurred in a restaurant referred to in clause (2) of section 3 in relation to any services specified in clause (2) of section 5 and where such services are—
(a) provided by the restaurant, the person who carries on the business of such restaurant; and
(b) provided by the other person, such other person, shall collect the expenditure-tax at the' rate specified in clause (b) of section 4.
(3) The tax collected during any calendar month in accordance with the provisions of sub-sections (1) and (2) shall be paid to the credit of the Central Government by the 10th of the month immediately following the said calendar month.
(4) Any person responsible for collecting the tax, who fails to collect the tax in accordance with the provisions of sub-section (1), or sub-section (2) shall, notwithstanding such failure, be liable to pay the tax to the credit of the Central Government in accordance with the provisions of sub-section (3).".
[Finance (No.
2) Act, 1991]
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Section 116, The Finance Act, 1991 (Act 49 of 1991).
Cross-references
Extracted from the operative text of the enactments themselves. Every destination below exists in our corpus.
Questions about Section 116
What does Section 116 of the Finance Act deal with?
Section 116 of the Finance Act is headed "Substitution of new section for section 7". Substitution of new section for section 7.
How do I find court cases under Section 116 of the Finance Act?
In judgments and charge sheets this section is written several ways, and each form finds a different set of orders. These search the full text of every order eCourtsIndia holds, best matches first: Finance Act 1991 116, section 116 Finance Act 1991, section 116 of the Finance Act. Each opens the full list of orders on eCourtsIndia, where it can be narrowed by court, year and outcome.
What should I read with Section 116 of the Finance Act, and has it changed?
Its own text turns on Expenditure-tax Act 7 (Collection and recovery of expenditure-tax), section 3 (Amendment of section 2), section 4 (Amendment of section 9), section 5 (Amendment of section 10), and on 1 further provision, so none of them can safely be read on its own.
When was the Finance Act enacted?
Finance Act was enacted in 1991 as Act 49 of 1991. India Code records no commencement date for it. It is in force as at the date shown on this page.
Other sections of this Act
- First Schedule. First Schedule7022 words
- 2. Income-tax2374 words
- 32. Insertion of new section 80-IA2233 words
- 101. Substitution of new sections for sections 11 to 131889 words
- 5. Amendment of section 101415 words
- 28. Amendment of section 80HHC1101 words
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