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of <h1>New Service Tax Rules: Restaurant and Accommodation Exemptions, Life Insurance Premium Taxed, Education and Legal Services Updates.</h1> The circular outlines budgetary changes effective from May 1, 2011, regarding service tax on new and amended services. Restaurants receive a 70% exemption on gross value if no Cenvat credit is claimed. Short-term accommodations with tariffs of Rs. 1,000 or above are taxed, with a 50% exemption under certain conditions. Life insurance services are taxed based on premium portions not invested, and health services are exempted from the new levy. Unrecognized education is taxed, with exemptions for pre-school and legally recognized qualifications. Exemptions for certain legal services are withdrawn, and changes in other services are noted. New services are categorized for export and import taxation rules.
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