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Tax on all services from July 1

Tax on almost all the services have been applied from july 1 except funerals, betting and gambling. Under the new service tax regime, only 17 services are in the negative list which means they will not be subjected to tax. In fact, the government had widened the definition of services to bring in more activities under the tax net. At present, 119 services that come under the positive list are levied. The new budget has also hiked the service tax rate by two percent to 12 percent. Services like metered taxis, auto rickshaws, betting, gambling, lottery, entry to amusement parks, transport of goods or passengers and electricity transmission or distribution by discoms have been kept in the negative list. The other important services which will not be affected include funeral, burial, mutate services and transport of deceased. While travel in first class and in air-conditioned rail coaches will also cost you much higher, Coaching classes and training institutions will also come under the net, though the tax will not be levied on school, university education and approved vocational courses,

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