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of <h1>Finance Bill 2011: Service Tax Expanded to New Sectors, Increased Penalties, and Retrospective Exemptions for Tour Operators</h1> Clause 71 of the Finance Bill, 2011, proposes amendments to the Finance Act, 1994, concerning service tax. It redefines terms, expands taxable services to include vehicle repair, life insurance, legal consultancy, arbitration, clinical establishments, air-conditioned restaurants, and short-term hotel accommodations. It increases penalties for non-filing and late payment, rationalizes penalties for serious offenses, and introduces new sections for prosecution of tax evasion. The amendments empower the Central Government to issue rules and orders for implementing these changes. Clause 72 provides retrospective exemption for tour operators with specific permits from service tax, dating back to April 2000.
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