Section 105 - Special provision for exemption from service tax in certain cases relating to life insurance services provided by Naval Group Insurance Fund to personnel of Coast Guard, retrospectively.
Finance Act, 2018 SERVICE TAX
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Service tax exemption for life insurance grants retrospective relief and refund entitlement for taxes collected. A statutory service tax exemption relieves life insurance services supplied under a government group insurance scheme to eligible personnel from service ... Summary
Service tax exemption for life insurance grants retrospective relief and refund entitlement for taxes collected.
A statutory service tax exemption relieves life insurance services supplied under a government group insurance scheme to eligible personnel from service tax for the specified retrospective period, and requires refunds of tax collected that would not have been payable, with refund claims subject to the statute's prescribed application period and to the procedural rules of the omitted chapter treated as continuously in force for refund purposes.
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