Budget 2012-13 has listed the negative list for the Services on which no service tax will be charged. All the Services which are not included in the negative list will be charged service tax at an increase rate of 12% (plus cess). The following 17 areas are included in the Negative List:
A.) Services by the Government or Local Authorities.
B) Services by the Reserve Bank Of India
C) Foreign Consulates and Embassies in India.
D) Agricultural Services
E) Trading
F) Manufacturing Goods
G) Advertisements on hoarding or Newspapers
H) Toll Charges
I) Gambling
J) Entertainment Events
K) Electricity
L) Education
M) Residential Rent
N) Financial Transactions
O) Public Transport
P) Goods Transport
Q) For the absolute end
A.) Services by the Government or Local Authorities.
B) Services by the Reserve Bank Of India
C) Foreign Consulates and Embassies in India.
D) Agricultural Services
E) Trading
F) Manufacturing Goods
G) Advertisements on hoarding or Newspapers
H) Toll Charges
I) Gambling
J) Entertainment Events
K) Electricity
L) Education
M) Residential Rent
N) Financial Transactions
O) Public Transport
P) Goods Transport
Q) For the absolute end
