Service tax

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

31 July 2012 I am working as a Accountant in a Service Based Company.

We charge service tax on every bill.(Hoarding,Press Release,Design,Online Services)

Latest i came to know that u/s 66d that in negative list this point is added:

New Service Tax Regime on Negative List applicable from 1st July 2012
(selling of space or time slots for advertisements other than advertisements broadcast by radio or television;)

Recently we have received a Hoarding bill from vendor without charging Service tax and, reasoning was no service tax charged as we come under negative list)

So,please clarify the section and tell whether we have to charge service tax or not ??

RENGARAJ R.K

RENGARAJ R.K (Expert)
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31 July 2012 Selling of space or time slots for advertisements other than advertisements broadcast by radio or television. Yes it is in the negative list. If your services are covered, there is no service tax. There is no clarification section for negative list. In general,
a) Providing space for advertisement is not taxable
b) sale of space for advertisement in bill boards, public places, buildings, conveyances, ATM, not taxable
c) Services of advertising agency is taxable.