27 February 2010

Service Tax Budget Proposal - New Services proposed to be taxed


The following categories of taxable services have been brought within the purview of Service Tax:

  1. Services of promotion or marketing of a brand of goods, service, event or endorsement of name
  2. Services of permitting commercial use or exploitation of any event organized by a person or an organization
  3. Services in relation to temporary transfer or permitting the use of copyright in relation to cinematographic films and sound recording
  4. Health services provided by hospitals or medical establishments to the employees of business organizations and health services provided under health insurance schemes offered by insurance companies
  5. Services provided for maintenance of medical records of employees of a business entity
  6. Services of promoting, marketing or organizing of games of chance, including lottery
  7. Specified services provided by a builder of residential or commercial complex
  8. Specified services provided by Electricity Exchanges.

The above categories will be taxable from a date to be notified after the enactment of Finance Bill 2010.