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of <h1>Service Tax Clarified for TV Serial Producers: No Tax on Episode Sales or Free Commercial Time Deals.</h1> The circular addresses the service tax implications for television serial producers who either sell episodes to TV channels or allow episodes to be broadcast in exchange for Free Commercial Time (FCT). It clarifies that service tax under 'videotape production service' applies only to the recording or editing process, not the entire production. Therefore, producers are not taxed for selling serials to channels. Additionally, selling FCT is not considered an 'advertisement service' as it does not involve creating or displaying ads. Field formations should be informed, and a trade notice issued for clarity. The circular was later rescinded in 2007.
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