Tax Hotline
July 10, 2001
Fifteen more service activities within Indian service tax net from July 16, 2001

The Indian Government has notified 15 additional activities to fall within the service tax net. These activities include banking and financial, broadcasting and several other communication services.

The 15 items are brought within the service tax net following the announcement made by the Indian Finance Minister in his speech on the Union Budget for 2001-02. It has been clarified that medical services will not be included under the category of scientific and technical consultancy, which is now to be taxed. Though service tax would be applicable to photographic studios having a fixed place of business, individual photographers and videographers are to be exempt. Notified activities will be liable to a 5 per cent service tax effective July 16, 2001.

 
 

Source: The Economic Times, July 10, 2001

Disclaimer

The contents of this hotline should not be construed as legal opinion. View detailed disclaimer.

This Hotline provides general information existing at the time of preparation. The Hotline is intended as a news update and Nishith Desai Associates neither assumes nor accepts any responsibility for any loss arising to any person acting or refraining from acting as a result of any material contained in this Hotline. It is recommended that professional advice be taken based on the specific facts and circumstances. This Hotline does not substitute the need to refer to the original pronouncements.

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Tax Hotline

July 10, 2001

Fifteen more service activities within Indian service tax net from July 16, 2001

The Indian Government has notified 15 additional activities to fall within the service tax net. These activities include banking and financial, broadcasting and several other communication services.

The 15 items are brought within the service tax net following the announcement made by the Indian Finance Minister in his speech on the Union Budget for 2001-02. It has been clarified that medical services will not be included under the category of scientific and technical consultancy, which is now to be taxed. Though service tax would be applicable to photographic studios having a fixed place of business, individual photographers and videographers are to be exempt. Notified activities will be liable to a 5 per cent service tax effective July 16, 2001.

 
 

Source: The Economic Times, July 10, 2001

Disclaimer

The contents of this hotline should not be construed as legal opinion. View detailed disclaimer.

This Hotline provides general information existing at the time of preparation. The Hotline is intended as a news update and Nishith Desai Associates neither assumes nor accepts any responsibility for any loss arising to any person acting or refraining from acting as a result of any material contained in this Hotline. It is recommended that professional advice be taken based on the specific facts and circumstances. This Hotline does not substitute the need to refer to the original pronouncements.

This is not a Spam mail. You have received this mail because you have either requested for it or someone must have suggested your name. Since India has no anti-spamming law, we refer to the US directive, which states that a mail cannot be considered Spam if it contains the sender's contact information, which this mail does. In case this mail doesn't concern you, please unsubscribe from mailing list.

NDA Connect

Connect with us at events, 
conferences and seminars.