Negative List is compressed and consequent following service which were not taxable earlier will be now chargeable to service tax.
1. Admission to Entertainment events etc. in service tax net.
2. Manufacture of alcoholic liquor for human consumption under service tax.
3. Not only Support Services, but all services by Government taxable
Impact of Amendment: As and when this amendment comes into effect, All services provided by the Government or local authority to a business entity, except the services that are specifically exempted, or covered by any another entry in the Negative List, shall be liable to service tax.
4. Activities in respect of Chit funds and lotteries taxable
Impact of Amendment: Chit fund services will cost more when this change becomes effective.