Finance Bill 2010 has introduced eight new services to charge service tax. These 8 New services Added in Service Tax Net ( Tax will come in force from the date to be Notified). The following are the list of services introduced in Finance Bill 2010. You can see the highlights of Budget 2010 related to direct and indirect taxes. This article is only the part of the service tax highlights in budget 2010 for the time saving of the readers.
Services of promoting, marketing or organizing of games of chance, including lottery.
Health services, namely:(a) Health check up undertaken by hospitals or medical establishments for the employees of business entities; and (b) Health services provided under health insurance schemes offered by insurance companies.
Services provided for maintenance of medical records of employees of a business entity.
Services of promoting of a ‘brand’ of goods, services, events, business entity etc.
Services of permitting commercial use or exploitation of any event organized by a person or organization.
Services provided by Electricity Exchanges.
Services related to two types of copyrights hitherto not covered under existing taxable service ‘Intellectual Property Right (IPR)’, namely, those on (a) cinematographic films; and (b) sound recording.
Special services provided by a builder etc. to the prospective buyers such as providing preferential location or external or internal development of complexes on extra charges. w.e.f. a notified date after enactment of Finance Bill, 2010
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