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Taxable services notified

Written by: Staff

New Delhi, Apr 25 (UNI) The Union Finance Ministry today issued seven notifications as a consequence of which 15 services in the category of taxable services under the Finance Act, 2006, and the amendments made relating to existing taxable services will come into effect from May 1, 2006.

In other words, these changes relating to taxable services will be effective from May 1, 2006.

The Finance Act, 2006, received the assent of the President of India on April 18, 2006.

The 15 services which have been listed as taxable services are: Services provided by a Registrar to an issue; ATM operations; services provided by a recovery agent; sponsorship services provided to any body corporate or firm; transport of passengers embarking on international journey by air, other than in economy class; transport of goods in containers by rail provided by any person other than Government railway; business support services; auctioneers' service; public relations service; ship management service; internet telephony service; transport of persons by cruise ship; and credit card, debit card, charge card or other payment card related services.


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