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CBEC has notified 8 new taxable Services w.e.f. 1.7.2010 vide Notification No.24/2010-Service Tax dated 22.6.2010.
The following are the new taxable Services introduced w.e.f. from 1.7.2010.
1. Games of chance (zzzzn)
2. Health services (zzzzo)
3. Maintenance of medical records (zzzzp)
4. Promotion of a 'brand' of goods, services, events, business entity etc. (zzzzq)
5. Commercial use or exploitation of any event organized by a person or organization (zzzzr)
6. Electricity Exchange Service (zzzzs)
7. Copyrights on Cinematographic films and sound recording (zzzzt)
8. Providing of preferential location or external / internal development of complexes (zzzzu)
Service taxation expanded: eight new service categories now taxable, including health services, brand promotion and copyrights. Eight service categories were made taxable by Notification No.24/2010-Service Tax (dated 22 June 2010) effective 1 July 2010. The notification lists games of chance; health services; maintenance of medical records; promotion of a brand of goods, services, events or business entities; commercial exploitation of organized events; electricity exchange service; copyrights on cinematographic films and sound recordings; and provision of preferential location or development of complexes as taxable services.Press 'Enter' after typing page number.