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of <h1>Service Tax on Property Auctions: Taxable Services Defined, Exemptions for Court-Ordered or Government Auctions, Effective May 1, 2006.</h1> The tax implications for services related to the auction of property, effective from May 1, 2006. It specifies that any service provided in connection with the auction of both tangible and intangible property is taxable, except for auctions conducted under court orders or by the government. The responsibility for paying service tax falls on the service provider. The definition of 'auction of property' encompasses activities such as calling the auction, providing facilities, advertising, pre-auction price estimates, short-term storage, and repair or restoration services related to the auction.
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