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of <h1>Interim Union Budget 2014: Service Tax Exemptions Expanded for Rice and Stem Cell Services, Amending Notification 25/2012-ST.</h1> The Interim Union Budget 2014 introduced changes to Service Tax, specifically amending notification 25/2012-ST. The amendments include extending exemptions to the handling, storage, and warehousing of rice, equating it with paddy. The transportation of rice is also exempt from service tax, as clarified in Circular No. 177/3/2014, which includes rice as 'food stuff.' Additionally, milling of paddy into rice as job work is exempt as an intermediate production process. Services provided by cord blood banks, including stem cell preservation, are now exempt from service tax, aligning with health care service exemptions.
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