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TMI BlogService Tax — 7 New Services & new provisions effective from 1-6-2007X X X X Extracts X X X X X X X X Extracts X X X X ..... elating to the levy of service tax in the Finance Act, 2007 shall come into force from a date to be notified. For this purpose, Notifications No. 23/2007 to 32/2007-Service Tax, all dated 22nd May, 2007 have been issued. 3. Seven services which are specifically mentioned in the category of taxable services and amendments made relating to existing taxable services shall come into effect fr ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... rvices, namely telephone connection, pager, leased circuit, communication through telegraph, communication through telex and facsimile communication, with the merged telecommunication service [ Notification No. 27/2007-Service Tax, dated 22-5-07 Notification No. 28/2007-Service Tax, dated 22-5-07 ]. 5.1 Export of Services Rules, 2005 and the Taxation of Services (Provided from Outside Ind ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... deduction of property tax paid from rental could not be availed of at the time of payment of service tax. In such cases, Rule 4C of the Service Tax Rules, 1994 provides self-adjustment of excess service tax paid without any limit [ Notification No. 24/2007-Service Tax, dated 22-5-07 ]. 6.2 Commercial or industrial construction service, and services provided in relation to the execution of ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Contract (Composition Scheme for Payment of Service Tax) Rules, 2007 has been notified vide Notification No. 32/2007-Service Tax, dated 22-5-07, whereby the service provider has been given an option to pay service tax equivalent to 2% of the total value of the works contract instead of paying service tax at the rate specified in section 66 . 8. A letter explaining the aforementioned changes ..... X X X X Extracts X X X X X X X X Extracts X X X X
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