Friday, May 1, 2015

Budget 2015 : Exemption in service tax : Notification Dated 30.04.2015

SERVICE TAX:
 1)        Service tax on services of Life Insurance business provided under Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY) have been exempted.
2)        Service tax on services of Life Insurance business provided under Pradhan Mantri Jan Dhan Yojana (PMJDY) have been exempted. 
3)        Service tax on services of General Insurance business provided under Pradhan Mantri Suraksha Bima Yojana (PMSBY) have been exempted.
 4)        Service tax on services by way of collection of contribution under Atal Pension Yojana (APY) have been exempted.
[Notification No.25/2012-Service Tax, dated 20.06.2012 as amended by notification No.12/2015-Service Tax, dated 30.04.2015 [item (p) of entry.26 and items (e) and (f) of entries 26A and 26B refer.] 

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