Service tax exemption for cattle insurance services under central sector scheme removes taxable service liability under applicable law. The Central Government, in exercise of powers conferred by section 93 of the Finance Act, 1994, exempts the taxable services in relation to Cattle Insurance provided under the Central Sector Scheme on Cattle Insurance from whole of the service tax leviable thereon under section 66 of the said Act; this exemption was notified by Notification No. 4/2000-Service Tax, dated 31-7-2000 and was later rescinded by Notification No. 34/2012-Service Tax, dated 20/06/2012.
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Service tax exemption for cattle insurance services under central sector scheme removes taxable service liability under applicable law.
The Central Government, in exercise of powers conferred by section 93 of the Finance Act, 1994, exempts the taxable services in relation to Cattle Insurance provided under the Central Sector Scheme on Cattle Insurance from whole of the service tax leviable thereon under section 66 of the said Act; this exemption was notified by Notification No. 4/2000-Service Tax, dated 31-7-2000 and was later rescinded by Notification No. 34/2012-Service Tax, dated 20/06/2012.
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