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of <h1>Service Tax Exemption for Banking Services to Government Rescinded in 2012; Initially Granted in 2004.</h1> The notification exempts taxable services provided by banking companies, financial institutions, non-banking financial companies, or other corporate bodies to the Government of India or State Governments from service tax. These services relate to the collection of duties or taxes levied by the government. This exemption was initially issued under Notification No. 13/2004-S.T. on September 10, 2004, and amended by Notification No. 19/2006 on April 25, 2006. It was later rescinded by Notification No. 34/2012 on June 20, 2012. The exemption was granted under the Finance Act, 1994, emphasizing public interest considerations.
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