Service tax scope expansion: definitions and taxable entries broadened to include IT software, forex broking, clearing and related services. Amendments to section 65 broaden and clarify taxable services by inserting and revising definitions-including associated enterprise, information technology software, internet telecommunication service, cargo handling service and processing and clearinghouse-and by expressly including securities and foreign exchange broking, purchase or sale of foreign currency, marketing of games of chance, IT software development and supply, stock exchange and clearing services. Recipient language is widened from 'to a client/customer' to 'to any person,' and renting of immovable property is declared to include permitting use of space regardless of transfer of possession or control.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Service tax scope expansion: definitions and taxable entries broadened to include IT software, forex broking, clearing and related services.
Amendments to section 65 broaden and clarify taxable services by inserting and revising definitions-including associated enterprise, information technology software, internet telecommunication service, cargo handling service and processing and clearinghouse-and by expressly including securities and foreign exchange broking, purchase or sale of foreign currency, marketing of games of chance, IT software development and supply, stock exchange and clearing services. Recipient language is widened from "to a client/customer" to "to any person," and renting of immovable property is declared to include permitting use of space regardless of transfer of possession or control.
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