Rescinds Notification No. 01/2000- Service Tax, dated 9th February, 2000 - Exemption to taxable services provided by Government of Rajasthan under Group personal Accident Scheme, to its employees in relation to general insurance business - 05/2010 - Service Tax
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Service tax rescission withdraws government exemption for group personal accident insurance services provided to employees. The Central Government has rescinded the earlier service tax notification that exempted services provided by the Government of Rajasthan under the Group Personal Accident Scheme to its employees in relation to general insurance business, withdrawing that exemption prospectively. The rescission is subject to a savings provision preserving actions taken or omissions occurring before the rescission and is effected under the government's fiscal authority on grounds of public interest.
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Service tax rescission withdraws government exemption for group personal accident insurance services provided to employees.
The Central Government has rescinded the earlier service tax notification that exempted services provided by the Government of Rajasthan under the Group Personal Accident Scheme to its employees in relation to general insurance business, withdrawing that exemption prospectively. The rescission is subject to a savings provision preserving actions taken or omissions occurring before the rescission and is effected under the government's fiscal authority on grounds of public interest.
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