FM's SPEECH on UNION BUDGET 2001-2002

 

119. Structural changes have taken place in the economy with the service sector growing faster than other sectors. I am expanding the net of service tax and I propose to add the following services to the list of taxable services:

l Specified Banking and Financial Services

l Authorized Service Stations for servicing of vehicles including two wheelers

l Port Services

l Broadcasting Services

l Photographic Services

l Convention Services

l Sound Recording Services

l Scientific and Technical Consulting Services

l Telex Services

l Telegraph Services

l Facsimile Services

l On-line Information & Data Base Retrieval services

l Video Tape Production Services

l Services auxiliary to Insurance

 

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