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Section129
The Finance Act, 2017

Amendment of rule 2A of Service Tax (Determination of Value) Rules, 2006, retrospectively

In force As on 10 Oct 2026

Ministry Finance Enacted 17 Apr 2017 Cited by 3 provisions

Section 129 of the Finance Act, 2017 deals with amendment of rule 2A of Service Tax (Determination of Value) Rules, 2006, retrospectively. Amendment of rule 2A of Service Tax (Determination of Value) Rules, 2006, retrospectively 129. The Act was enacted on 17 Apr 2017.

Amendment of rule 2A of Service Tax (Determination of Value) Rules, 2006, retrospectively

129. (1) In the Service Tax (Determination of Value) Rules, 2006 made by the Central Government in exercise of the powers conferred by section 94 of the Finance Act, 1994 (32 of 1994), published in the Gazette of India vide notification of the Government of India in the Ministry of Finance (Department of Revenue) number G.S.R. 228(E), dated the 19th April, 2006,—

(a)rule 2A as inserted by the Service Tax (Determination of Value) (Amendment) Rules, 2007 published vide number G.S.R. 375(E), dated the 22nd May, 2007; and
(b)rule 2A as substituted by the Service Tax (Determination of Value) Second Amendment Rules, 2012 published vide number G.S.R. 431(E), dated the 6th June, 2012,

shall stand amended and shall be deemed to have been amended in the manner specified in column (3) of the Sixth Schedule, on and from and up to the corresponding date specified in column (4), against each of the rule specified in column (2) thereof.

(2) Notwithstanding anything contained in any judgment, decree or order of any court, tribunal or other authority, any action taken or anything done or purported to have been taken or done at any time during the period specified in column (4) of the Sixth Schedule relating to the provisions as amended by sub-section (1) shall be deemed to be and deemed always to have been, for all purposes, as validly and effectively taken or done as if the amendment made by sub-section (1) had been in force at all material times.

(3) For the purposes of sub-section (1), the Central Government shall have and shall be deemed to have the power to make rules with retrospective effect as if the Central Government had the power to make rules under section 94 of the Finance Act, 1994 (32 of 1994), retrospectively, at all material times.

Explanation:—For the removal of doubts, it is hereby declared that no act or omission on the part of any person shall be punishable as an offence which would not have been so punishable had this section not come into force.

Section 129, The Finance Act, 2017.

Cross-references

Extracted from the operative text of the enactments themselves. Every destination below exists in our corpus.

Referred to by 3

  1. s. 47 Amendment of section 115JB
  2. s. 175 Amendment of Act 52 of 1962
  3. s. Sixth Schedule Sixth Schedule

Questions about Section 129

What does Section 129 of the Finance Act deal with?

Section 129 of the Finance Act is headed "Amendment of rule 2A of Service Tax (Determination of Value) Rules, 2006, retrospectively". Amendment of rule 2A of Service Tax (Determination of Value) Rules, 2006, retrospectively 129.

How do I find court cases under Section 129 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 129, section 129 Finance Act 2017, section 129 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 129 of the Finance Act, and has it changed?

3 other provisions in this corpus refer back to it.

When was Section 129 of the Finance Act enacted?

Section 129 of the Finance Act, cited as Finance Act 2017 129, was enacted on 17 Apr 2017. It is in force as at the date shown on this page.

Other sections of this Act

Source and method. Compiled from the enactments of Parliament and of the State legislatures as published on India Code, and republished together with commentary and other original matter under section 52(1)(q)(ii) of the Copyright Act, 1957. Structured, cross-referenced and maintained by eCourtsIndia. Harvested from the Income Tax Department's own portal at incometaxindia.gov.in, which publishes the Finance Acts section by section. India Code carries none of them: its Central community holds the Acts that stand as general law, and a Finance Act is an amending and rate-fixing instrument. This page is not a substitute for legal advice.