Sec.67a and pot rule 5 new levy

Aravind.. (CA) (1262 Points)

16 March 2013  

Sec.67A combined with Rule 5 of POT. As per sec.67A, rate, value and exchange rate is determined on the date of provision of service. Hence, when a service is provided and then a new levy is brought in, will it mean the service will be taxed at 0%? Because when the service was provided there was no ST on it. Please clarify on this regard.