Thursday, July 8, 2010

Eight new taxable services w.e.f. 01-07-2010 under Service Tax Act

Eight new taxable services w.e.f. 01-07-2010
CBEC has notified 8 new taxable Services w.e.f. 1.7.2010 vide Notification No.24/2010-Service Tax dated 22.6.2010.

The following are the new taxable Services introduced w.e.f. from 1.7.2010.

1. Games of chance (zzzzn)
2 Health services (zzzzo)
3 Maintenance of medical records (zzzzp)
4 Promotion of a ‘brand’ of goods, services, events, business entity etc. (zzzzq)
5 Commercial use or exploitation of any event organized by a person or organization (zzzzr)
6 Electricity Exchange Service (zzzzs)
7 Copyrights on Cinematographic films and sound recording (zzzzt)
8 Providing of preferential location or external / internal development of complexes (zzzzu)

No comments: