TaxTMI Login
Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
of 
of 
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
of of 
All Circulars
of of All Circulars
Note
Bookmark
Share
Don't have an account? Register Here
of <h1>India's Finance Act 2007: New Service Taxes on Telecom, Mining, Property Rentals; Optional 2% Tax for Works Contracts.</h1> The circular issued by the Government of India's Ministry of Finance outlines the implementation of service tax provisions under the Finance Act, 2007, effective June 1, 2007. It introduces new taxable services, such as telecommunication, mining, and renting of immovable property, and amends existing service tax categories. Amendments include changes to definitions and exemptions, such as the exclusion of property tax from service tax on rental income. It also introduces an optional composition scheme for works contracts, allowing a 2% tax on the gross amount charged. The document emphasizes the need to consult statutory provisions for precise interpretation and implementation.
TaxTMI 
TaxTMI 
