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of <h1>Finance Ministry Clarifies Rice Exemptions from Service Tax; Milling and Transport Included u/s 65B(5.</h1> The circular from the Ministry of Finance, dated February 17, 2014, addresses exemptions from service tax related to rice. It clarifies that while 'paddy' is defined as 'agricultural produce' under section 65B(5) of the Finance Act, 1994, 'rice' is not. However, exemptions are extended to rice through specific entries in exemption notifications. These include exemptions for transportation by rail, vessel, or goods transport agency, as well as for loading, unloading, packing, storage, and warehousing. Additionally, the milling of paddy into rice on a job work basis is considered an intermediate agricultural process and is exempt from service tax.
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