Exemption for cord blood bank services: preservation and related stem cell services are excluded from service tax treatment. Services of cord blood banks by way of preservation of stem cells and any services in relation to such preservation are exempted from service tax, ... Summary
Exemption for cord blood bank services: preservation and related stem cell services are excluded from service tax treatment.
Services of cord blood banks by way of preservation of stem cells and any services in relation to such preservation are exempted from service tax, covering collection of umbilical cord blood, processing and segregation of stem cells, testing, and cryo preservation, thereby treating cord blood bank activities as health related services for clinical and research use.
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