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Service tax in force

Our Bureau

KOCHI: The five per cent service tax on services rendered by certain service providers as proposed in the Union Budget 2002 has came into force from August 16.

Life insurance, including insurance auxiliary service relating to service tax, cargo handling service, storage and warehousing service, event management, rail travel agents, health clubs and fitness centres, beauty parlours, fashion designers, cable operators and dry cleaning services come under its purview.

Service providers who failed to register before September 15 are liable for penalty and should contact the jurisdictional Superintendent of Central Excise immediately.

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