C.A.SOMDEB BHATTACHARYA
Finance Act 2010
New services on
which we can take input credits:-
1.
Commercial User Or Exploitation Of Any Event
2. Copyright Services
3. Electricity Exchange Services
4. Health Services
5. Maintenance Or Medical Records
6. Promotion Of Brand Of GoodsServices,
Events, BusinessEntity
7. Promotion, Marketing Or Organization
Of Games Of Change including Lottery
8. Provision Of Preferential
Location Or External Or Internal Development Of Complexes
1 Commercial User Or Exploitation
Of Any Event.
Taxable service means any service provided or to be provided to any person, by granting
the right or by permitting commercial use or exploitation of any event including
an event relating to art,entertainment,business,sports or marriage organized by
such other person
2. . Copyright Services
Services provided or to be provided to any person, by any other person for
:- (a) transferring temporarily or permitting the use or enjoyment of, any copy
right defined in the copyright Act,1957.
3. Electricity Exchange Services
Taxable event means any service provided or to be provided to any person,
by an electricity exchange, by whatever name called, approved by the Central Electricity
Regulatory Commission constituted under section 76 of the Electricity Act,2003,
in relation to trading, processing, clearing or settlement of spot contracts, term
ahead contracts, derivatives or any electricity related contract
4. Health Services
Taxable event means services
provided or to be provided for health check-up by hospitals or
medical establishments for the employees of business entities or health services
provided under health insurance schemes offered by insurance companies
5.
Maintenance Or Medical Records
Taxable service means any service provided or to be
provided to any business entity , by any other person,
in relation to storing, keeping or maintaining of medical records of employees of
a business entity
6. Promotion Of Brand Of Goods
Services, Events, Business Entity
Taxable event means any service provided or to be provided to any person
, through a business entity or otherwise, under a contract for promotion or marketing
of a brand of goods , service, event or endorsement of name , including a trade
mark of a business entity by appearing in advertisement and promotional event
or carrying out any promotional activity for such goods, service or event
For this purpose the term Brand
means symbol, monogram, label, signature or invented words which indicate connection
with the said goods, service, event or business entity
, 7. Promotion Marketing or Organization
of Games of Change including Lottery
Taxable event means any service provided or to be provided to any person, for promotion,
marketing, organizing or in any other manner assisting in
organizing games of chance, including lottery, Bingo or Lotto in whatever
form or by whatever name called , whether or not conducted through internet or other
electronic networks
8. Provision Of Preferential
Location Or External Or Internal Development Of Complexes
Taxable service means any service provided or to be provided to a buyer ,
by a building of a residential complex , or any other person
authorized by such builder, for providing preferential location or development
of such complex.
For this purpose
the term Preferential location means any location having extra advantage
which attracts extra payment over and above the basic sale price.
There is no change in service
tax rate of 10.30%
CAclubindia
