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of <h1>Finance Bill 2007: Interconnection Usage Charges Now Taxable Under 'Telecommunication Service' Definition, Pending Enactment.</h1> The circular addresses the applicability of service tax on interconnection services provided by one telecom operator to another. Previously, interconnection usage charges (IUC) were not considered taxable under the existing definition of 'telephone service' in the Finance Act, 1994, as they did not involve direct service to a subscriber. However, the Finance Bill, 2007, introduces a new definition of 'telecommunication service' that includes IUC as a taxable service. This amendment will take effect after the government enacts the Finance Bill, 2007. Until then, service tax is not applicable to IUC, and previous conflicting instructions are withdrawn.
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