Service tax valuation: works contracts for repair, maintenance and finishing taxed on a fixed portion of total contract value. The amendment specifies that for works contracts not excluded elsewhere, including maintenance, repair, reconditioning, restoration or servicing of goods and maintenance, repair, completion and finishing services of immovable property (such as glazing, plastering, tiling or installation of electrical fittings), service tax shall be payable on seventy per cent of the total amount charged for the works contract, effective from 1 October 2014 under the Finance Act empowered amendment to the 2006 valuation rules.