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    Jul 6, 2010

    EIGHT NEW SERVICES WILL BE TAXED UNDER SERVICE TAX FROM 1 JULY 2010

    Service tax department issued a circular stating that eight new services will be taxed under service tax act. full circular as well as the eight new services are as follows.

    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)

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