The services of life insurance business provided by way of annuity under the National Pension System (NPS) regulated by Pension Fund Regulatory and Development Authority (PFRDA) of India
Exempted Services
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Exemption of life insurance annuity under NPS confirms annuity services qualify as exempt from service tax. Services of life insurance provided by way of annuity under the National Pension System (NPS) are exempt from service tax, by notification-based amendment, clarifying that annuity services under the NPS are treated as exempt supplies for service tax purposes.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Exemption of life insurance annuity under NPS confirms annuity services qualify as exempt from service tax.
Services of life insurance provided by way of annuity under the National Pension System (NPS) are exempt from service tax, by notification-based amendment, clarifying that annuity services under the NPS are treated as exempt supplies for service tax purposes.
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