<h1>Finance Act 1994: Construction for Sale by Builders Now Taxable Service; Exemptions and Clarifications Issued.</h1> The Service Tax regime under Chapter V of the Finance Act, 1994, includes three main categories related to civil construction: Commercial or Industrial Construction Service, Construction of Complex, and Works Contract. These categories were defined with specific taxable services, such as construction, finishing services, and repair activities, excluding certain infrastructure projects like roads and airports. Amendments proposed in the Finance Bill, 2010, clarified that construction intended for sale by builders is considered a service, affecting the taxability of such transactions. Various notifications and circulars have provided exemptions and clarifications on these tax provisions.