Exemption for regional air passenger transport funded by viability gap funding introduced, subject to operational and temporal limits. The notification amends Service Tax entries: omits 'residential' in entry 9B(a); inserts exempt entry 23A for passenger air transport under the Regional Connectivity Scheme when paid via Viability Gap Funding, limited to one year post-airport commencement; inserts exempt entry 26D for life insurance services by Armed Forces Group Insurance Funds to their members; substitutes entry 30 to define taxable services as processes amounting to manufacture or specified job work with listed categories and a monetary aggregate condition for certain processes; and adds clause (ya) defining 'process amounting to manufacture or production of goods' by reference to excise-liable processes. Commencement and certain provisions await Finance Bill assent, otherwise effective 2 February 2017.
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Provisions expressly mentioned in the judgment/order text.
Exemption for regional air passenger transport funded by viability gap funding introduced, subject to operational and temporal limits.
The notification amends Service Tax entries: omits "residential" in entry 9B(a); inserts exempt entry 23A for passenger air transport under the Regional Connectivity Scheme when paid via Viability Gap Funding, limited to one year post-airport commencement; inserts exempt entry 26D for life insurance services by Armed Forces Group Insurance Funds to their members; substitutes entry 30 to define taxable services as processes amounting to manufacture or specified job work with listed categories and a monetary aggregate condition for certain processes; and adds clause (ya) defining "process amounting to manufacture or production of goods" by reference to excise-liable processes. Commencement and certain provisions await Finance Bill assent, otherwise effective 2 February 2017.
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