Insertion of new sections 104 and 105
Section 128 of the Finance Act, 2017 deals with insertion of new sections 104 and 105. Insertion of new sections 104 and 105 128. The Act was enacted on 17 Apr 2017.
Insertion of new sections 104 and 105
128. In the 1994 Act, after section 103, the following sections shall be inserted, namely:—
"104. Special provision for exemption in certain cases relating to long term lease of industrial plots — (1) Notwithstanding anything contained in section 66, as it stood prior to the 1st day of July, 2012, or in section 66B, no service tax, leviable on one time upfront amount (premium, salami, cost, price, development charge or by whatever name called) in respect of taxable service provided or agreed to be provided by a State Government industrial development corporation or undertaking to industrial units by way of grant of long term lease of thirty years or more of industrial plots, shall be levied or collected during the period commencing from the 1st day of June, 2007 and ending with the 21st day of September, 2016 (both days inclusive).
(2) Refund shall be made of all such service tax which has been collected, but which would not have been so collected, had sub-section (1) been in force at all material times.
(3) Notwithstanding anything contained in this Chapter, an application for claim of refund of service tax shall be made within a period of six months from the date on which the Finance Bill, 2017 receives the assent of the President.
105. Special provision for exemption in certain cases relating to life insurance services provided to members of armed forces of Union — (1) Notwithstanding anything contained in section 66, as it stood prior to the 1st day of July, 2012, or in section 66B, no service tax shall be levied or collected in respect of taxable services provided or agreed to be provided by the Army, Naval and Air Force Group Insurance Funds by way of life insurance to members of the Army, Navy and Air Force, respectively, under the Group Insurance Schemes of the Central Government, during the period commencing from the 10th day of September, 2004 and ending with the 1st day of February, 2017 (both days inclusive).
(2) Refund shall be made of all such service tax which has been collected, but which would not have been so collected, had sub-section (1) been in force at all material times.
(3) Notwithstanding anything contained in this Chapter, an application for the claim of refund of service tax shall be made within a period of six months from the date on which the Finance Bill, 2017 receives the assent of the President.".
Section 128, The Finance Act, 2017.
Cross-references
Extracted from the operative text of the enactments themselves. Every destination below exists in our corpus.
Questions about Section 128
What does Section 128 of the Finance Act deal with?
Section 128 of the Finance Act is headed "Insertion of new sections 104 and 105". Insertion of new sections 104 and 105 128.
How do I find court cases under Section 128 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 2017 128, section 128 Finance Act 2017, section 128 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 128 of the Finance Act, and has it changed?
Its own text turns on section 66 (Amendment of section 194J), section 103 (Amendment of section 69), section 104 (Omission of section 82), section 105 (Amendment of section 84), so none of them can safely be read on its own.
When was Section 128 of the Finance Act enacted?
Section 128 of the Finance Act, cited as Finance Act 2017 128, was enacted on 17 Apr 2017. It is in force as at the date shown on this page.
Other sections of this Act
- First Schedule. Income-tax8321 words
- 2. Income-tax4071 words
- 148. Amendment of Chapter VIB1616 words
- 47. Amendment of section 115JB1176 words
- 6. Amendment of section 10856 words
- Sixth Schedule. Sixth Schedule820 words
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