Notes - Notes on clauses - Service Tax

Service tax amendments expand taxable services and empower government orders for classification and valuation and validate renting of immovable property.

The Bill amends the service tax chapter by defining business entity and port services, modifying and adding taxable service entries, providing that newly inserted services may be brought into charge by notification, inserting an Explanation precluding penalties for payments under the amended section 73, empowering the Central Government to issue one-year removal of difficulty orders on implementation, classification or valuation of newly incorporated services, and validating prior action on taxing renting of immovable property.