Question - What are new exemptions proposed in service tax in Finance Bill 2015 ?
New Exemptions
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Service tax exemptions expanded to include specific agricultural, transport, health and cultural services under the Finance Bill.
Finance Bill 2015 proposes targeted service tax exemptions effective 1 April 2015, exempting specified services including pre-conditioning and packing of fruits and vegetables, Common Effluent Treatment Plant operator services, Varishtha Pension Bima Yojna life insurance service, exhibition-of-movie services by exhibitors to distributors, all ambulance services, goods transport agency services for export goods to land customs stations, and admission to museums, zoos, national parks, wildlife sanctuaries and tiger reserves. (AI Summary)
Finance Bill 2015 proposes targeted service tax exemptions effective 1 April 2015, exempting specified services including pre-conditioning and packing of fruits and vegetables, Common Effluent Treatment Plant operator services, Varishtha Pension Bima Yojna life insurance service, exhibition-of-movie services by exhibitors to distributors, all ambulance services, goods transport agency services for export goods to land customs stations, and admission to museums, zoos, national parks, wildlife sanctuaries and tiger reserves. (AI Summary)
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