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of <h1>India Amends Service Tax Exemptions: Rural Banking, Insurance, and Yoga Now Included Under Notification No. 20/2015-Service Tax.</h1> The Government of India, through the Ministry of Finance, has issued Notification No. 20/2015-Service Tax to amend Notification No. 25/2012-Service Tax. This amendment introduces changes to service tax exemptions related to business facilitators and correspondents in rural banking and insurance sectors. Specifically, it includes services related to Basic Savings Bank Deposit Accounts under the Pradhan Mantri Jan Dhan Yojana and expands definitions to include intermediaries and insurance services in rural areas. Additionally, the amendment modifies the definition of Basic Savings Bank Deposit Accounts and expands the scope of exempted activities to include yoga alongside religion and spirituality.
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