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of <h1>Clarification on Service Tax for Gem & Jewellery Job-Work: Exemption for Manufacturing, Changes Proposed for Non-Manufacturing.</h1> The circular addresses the levy of service tax on processes undertaken on a job-work basis in the gem and jewellery sector. It clarifies that certain field formations have misinterpreted the imposition of service tax on processing activities that qualify as 'manufacture' under the Central Excise Law. According to the Finance Act, 2004, service tax applies to 'production of goods on behalf of the client' under business auxiliary services, but not if it amounts to 'manufacture.' The Finance Bill, 2005 proposes amending this to levy service tax on non-manufacturing production or processing activities, effective upon notification by the Central Government.
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