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of <h1>Understanding Section 66D: Key services in the negative list that are fully exempt from service tax</h1> Section 66D of the Finance Act, 1994 specifies a negative list of services exempt from service tax. It covers specified services by Government or local authorities, the Reserve Bank of India, and foreign diplomatic missions. It exempts extensive agriculture-related services, trading of goods, selling of advertisement space in print media, access to roads and bridges via tolls, and betting, gambling, or lottery (subject to an explanation). Also exempt are transmission or distribution of electricity, renting of residential dwellings for residence, specified financial services (interest, discount, inter-bank foreign exchange), passenger transportation by certain modes, transportation of goods by road (excluding goods transport and courier agencies) and inland waterways, and funeral, burial, crematorium, or mortuary services including transport of the deceased.
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