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of <h1>Service Tax Exemption for General Insurance Under Rashtriya Swasthya Bima Yojana Effective March 2011, Rescinded June 2012.</h1> The Central Government, exercising its powers under the Finance Act, 1994, exempted taxable services provided by insurers engaged in General Insurance Business from service tax when offering insurance under the Rashtriya Swasthya Bima Yojana. This exemption was deemed necessary in the public interest and was effective from March 1, 2011, as per Notification No. 7/2011. However, this exemption was later rescinded by Notification No. 34/2012 on June 20, 2012.
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