It is now official – Finance Bill, 2007 got presidential assent on 11th May, 2007 – New Services Notified – Effective from 1st June, 2007

By Vijay Kumar

Now it is officially clarified that the Finance Bill, 2007 received the assent of the President on 11th May, 2007 and the Finance Act, 2007 was published in the Gazette of India on 12th May, 2007 as Act No. 22/2007. This information is contained in the official communication dated 22nd May, 2007 from the Joint Secretary TRU. The Joint Secretary has explained the changes relating to Service Tax consequent to the enactment of the Finance Bill, 2007.

JS (TRU) Letter F.No. B1/16/2007-TRU, Dated May 22, 2007