« Top Headlines » Open DEMAT Account in 24 hrs  Delhi HC Rules GST Registration Cannot Be Cancelled Retrospectively Without a Clear Show Cause Notice (SCN)  Belated income tax return AY 2026-27: How to file, late filing charges and what you may lose  Major Financial Changes from August 1, 2026: ITR Deadline, RBI MPC Meeting, Tatkal Ticket Rules & More  Government proposes to ease tax relief conditions for offshore funds  TallyPrime Connected Banking: Automating Banking and Accounting  ITR Filing Deadline 2026: Is July 31 the Last Date to File Your Income Tax Return? Latest Official Update  ITR filing deadline nears: How to file income tax return online on e-filing portal - quick 15-step guide  Will the ITR Filing Deadline Be Extended Beyond July 31 for FY 2025-26? Here's the Latest Update for Taxpayers  Income Tax Refund Delayed for AY 2026-27? 5 Common Reasons Your Refund May Be Stuck and How to Fix It  ITR Filing 2026: FM Nirmala Sitharaman Asks Tax Officials to Let Honest Taxpayers Correct Genuine Mistakes  Will Your FCNR Deposit Stay Tax-Free After Returning to India? Tax Rules Explained for NRIs «  Apex court nod to new perquisites tax computation... Net ads may come under tax net... » Repair services too under scanner September, 19th 2006 Companies that provide repair and maintenance services could come under the watch of the service tax department for payment of service tax. The department has contended that companies which consume goods along with services while providing repair and maintenance services have to factor in the cost of such goods while calculating their service tax liability. Action by the government against such companies is being considered in light of a clarification issued by the revenue department in March this year, which stated that goods consumed during the provision of service, that are not available for sale, by the service provider would not be entitled to any exemption from service tax. Official sources said the clarification was issued since there was lack of clarity on whether goods consumed while providing repair and maintenance services were liable to tax. The revenue department had issued a notification in June 2003 that provided exemption from service tax on the value of goods and material sold, subject to documentary evidence of such sale being available. According to service tax expert J K Mittal, the government should consider providing an abatement for repair and maintenance services. He pointed out that the notification issued by the revenue department in 2003 was not relevant since it sought to provide exemption to goods sold, which, in any case, did not attract any service tax. Goods sold cannot attract service tax. They will only attract Value Added Tax or sales tax. The government, therefore, sought to exempt something which is not taxable in the first place, he said.