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TMI BlogSelling of space or time slots for advertisementsX X X X Extracts X X X X X X X X Extracts X X X X ..... y radio or television From 1.10.2014 Selling of space for advertisements in print media. Notes: for Amendment w.e.f. 1.10.2014 The scope of this entry underwent a drastic amendment made by Finance Act, 2014. Before amendment, selling of space other than radio or television was covered under this entry, but after amendment only selling of space in print media is exempt. It means now every typ ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... hed to or forming part of the land which are agreed to be severed before sale or under the contract of sale; Section 65B(33) - "money" means Indian legal tender, cheque, promissory note, bill of exchange, letter of credit, draft, pay order, traveller cheque, money order, postal or electronic remittance or any such similar instrument when used as consideration to settle an obligation or ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... .2012) 4.7.2 Would services provided by advertisement agencies relating to preparation of advertisements be covered in the negative list entry relating to sale of space for advertisements? No. Services provided by advertisement agencies relating to making or preparation of advertisements would not be covered in this entry and would thus be taxable. This would also not cover commissions received ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... then the bundle of services will be treated as consisting entirely of such service which determines the dominant nature of such a bundle. ♦ If such services are not bundled in the ordinary course of business then the bundle of services will be treated as consisting entirely of such service which attracts the highest liability of service tax. 4.7.4 Whether merely canvassing advertisement ..... X X X X Extracts X X X X X X X X Extracts X X X X
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