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Service
Tax
- Service Tax is proposed
to be imposed on following additional services:
- Life-Insurance,
including insurance auxiliary service relating
to life insurance ;
- Cargo handling
(only inland cargo) ;
- Storage and warehousing
service (except for agriculture produce and cold
storage);
- Event Management
;
- Rail travel agents
;
- Health Club &
Fitness Centres ;
- Beauty parlours
;
- Fashion designers
;
- Cable operators
;
- Dry cleaning services
;
- A body corporate
(other than banking company or a financial institution
including non-banking financial company), in relation
to banking and financial services.
The above provisions
shall be effective from a date to be notified by the
Central Government, after passing of the Finance Bill
2002.
- Exemption
from Service Tax on Hotels has been extended up to
31.03.2003.
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