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Services taxable earlier but exempted w.e.f 01.07.2012 |
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Services taxable earlier but exempted w.e.f 01.07.2012 |
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1. Sale of space or time slots for advertisement other than advertisement broadcasts by radio or television.
2. Copyright services in respect of original literary, dramatics, musical, artistic works and cinematography films.
3. Transport of goods through Inland waterways.
4. Services provided by financial intermediaries
a) Sub-broker or an authorised person to a stock broker.
b) Authorised person to a member of a commodity exchange.
c) Mutual Fund Agent to a mutual fund or a asset management company.
d) Distributor to a mutual fund or a asset mantaxagement company.
e) Selling or marketing agent of lottery tickets to a distributor or a selling agent.
f) Selling agent or a distributor of SIM cards or recharge coupon vouchers.
g) Business facilitator or a business correspondent to a banking company or an insurance company, in rural area.
By: Meenu Garg - September 5, 2012
Discussions to this article
Likewise, there are other services specifically exempted prior to Ist July, 12, but became taxable post the introdcution of Negative List. For example, transportation through pipeline excluded water transportation, cargo handling doesnot include export cargo, construction services excluded all types of Road etc
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