Check Service Tax Notifications - Budget 2010-11

Service Tax Notifications - Significant Changes made - Budget 2010-11:
On 26th February 2010, Finance Minister Pranab Mukherjee filed his Budget to the Parliament House. Highlights of the Budget for the year 2010-2011 is around in the page.

Regarding Service Tax, there are lot of notification issued and the newly drafted trasformation is listed below for the godsend of the members.

* All Air travel has carried on brought under Service tax net irrespective of value of travel and destination. However, tax shall be effective for the date to be notified by the Government.
* Service tax levy on tax money levy by the Government (including by global Government) on the passenger traveling by Air is exempted w.e.f. 27.02.2010 based on data from the levy of Service tax if provided evidence separately in invoice.
* Transport of goods by rail (except a little crucial goods) is subject to Service tax w.e.f. 01.04.2010.
* Transmission of energy has been fully exempted from levy of Service tax w.e.f. 27.02.2010.
* Packaged or canned utility has continued completely exempted from what i read in the levy of Service tax w.e.f. 27.02.2010 given that which aim of excise or customized has carried on paid.
* Transport of food grains and pulses by road in a goods carriage has been heard completely exempted according to the levy of Service tax w.e.f. 27.02.2010.
* Service tax paid out providing loan prior to issuance of Show Cause Notice ought to not subject to any penalty u/s 73(3) of the Act. This will be able to be effective based on what i read in the passing of Finance Bill 2010.
* Renting of Immovable home per se has been heard built subject to Service tax by retrospective influence to overcome the judgment of Delhi High Court.
* Commercial training or Coaching services continuing to provided that by Charitable trust or society has carried on brought short of Service tax net among retrospective influence from what i read in 01.07.2003.
* Vocational training exemption has kept on transfered limited to the institute or the centre affiliated with the National Council for Vocational Training (NCVT) and if courses in designated trade as notified in the Apprentice Act, 1961.
* Sponsorship service for the sports is in addition brought underneath Service tax net.
* Commercial or Residential constructing services at which that much part of the attention attained prior to completion of making is making treated as taxable services. Thus, the respect attained based on information from would&wshyp;be consumer for cash in on of flat/commercial construction is to be taxed, even though it would be a litigation prone area.
* Service tax has kept on purpose to be levy on many new services that will be able to be effective out of date to be notified by the Government. The new services are,-

1. Services of promoting, selling or organizing of games of chance, in conjunction with lottery.
2. Health services, namely
(a) health check up undertaken by hospitals or medical specialists for the staff of business entities; and
(b) quality of life services as long as short of well being coverage schemes offered by Insurance companies.
3. Services when for maintenance of medical inserts of workforces of a industry entity
4. Services of promoting of a 'brand' of goods, services, events, sector entity etc.
5. Services of allowing commercial use or exploitation of any worry organized by a occupant or organization.
6. Services given that by Electricity Exchanges
7. Services tethered to two types of copyrights hitherto not talked about short of existent taxable
8. service 'Intellectual Property Right (IPR)', namely, persons on (a) cinematographic films; and (b) sound recording
9. Special services provided by a out worker etc. to the possibility shoppers this as providing preferential location or external or internal development of complexes on additional charges.
Source:http://hubpages.com/hub/service-tax-notifications