Budget 2010-11 Service Tax – New Services included in the list of taxable services

New Services included in the list of taxable services:
1. Services of promoting, marketing or organizing of games of chance, including lottery.
2. Health  services  undertaken  by  hospitals  or  medical  establishments  for  the  employees  of  business  organizations  and  health  services  provided  under  health  insurance  schemes offered by insurance companies.
3. Services provided for maintenance of medical records of employees of a business entity
4. Promoting a ‘brand’ of goods, services, events, business entity etc.
5. Services of permitting commercial use or exploitation of any event organized by a person or an organization.
6. Services provided by Electricity Exchanges
7. Services  related  to  two  types  of  copyrights  hitherto  not  covered  under  existing  taxable service  ‘Intellectual  Property  Right  (IPR)’, namely, that  on (a) cinematographic  films  and (b) sound recording.
8. Special  services  provided  by  builder  etc.  to  the  prospective  buyers  such  as  providing preferential location or external or internal development of complexes on extra charges.

(The above changes will come into effect from a date to be notified after the enactment of the Finance Bill, 2010.)

Enlargement in scope of specified taxable Services
1. Services provided in an airport or port
2. Auctioneer’s service
3. Unit Linked Insurance Plans
4. Transport of passengers by air service
5. IT Software Service
6. Redefining the scope of commercial training and coaching service
7. Expanding the scope of Sponsorship Service
8. Service tax on construction services
9. Renting of immovable property service
10.Renting of vacant land
(The above changes will come into effect from a date to be notified after the enactment of the Finance Bill, 2010.)