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New Services and Modifications in Scope of Existing Services Summarised
On 22 June 2010 the Government of India released the 2010 Budget that notified the effective date of levy on services and modifications to the scope of existing services. The effective date for new services and modification in scope of existing services will be 1 July 2010. In addition, there were various other notifications that granted exemptions and abatements from the levy of service tax. Taxand India examines the new notifications released in the 2010 Budget and summarises the new effective dates and modifications to existing services.
The new effective date will apply to many new service categories as well as to modifications of the scope of existing services. The new service categories and modifications have been summarised and they should be reviewed by taxpayers to identify the likely impact.
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