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of <h1>Amendment Introduces Service Tax Entry in Union List; Articles 268-A and 270 Amended for State Revenue Boost.</h1> The Constitution (88th Amendment) Act, 2003 aims to address the absence of a specific entry for 'taxes on services' in the Union or State Lists of the Constitution's Seventh Schedule. Currently, the Central Government taxes certain services under its residual powers. With States transitioning to a Value Added Tax (VAT) system, there is a push to allow them to tax services to broaden their tax base. The amendment proposes adding a specific entry for service tax in the Union List, introducing Article 268-A, and amending Article 270 to facilitate service tax collection by both the Central and State Governments, enhancing State revenues.
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