https://www.taxtmi.com/news?id=1623 Revision of levy and targeted exemptions restructures taxable coverage: air passenger transport fares are reclassified by class, exemptions apply to services for exhibitors abroad and general insurance under the national scheme, works contract services are exempted for specified residential schemes and within prescribed port or airport areas, and a 25% deduction from taxable value is provided for coastal and inland waterway goods transport. Retrospective exemptions are granted for certain membership fees and passenger transport under contract/tourist permits; effectiveness is tied to notification or enactment dates. en-us Mon, 28 Feb 2011 16:20:31 +0530 Mon, 28 Feb 2011 16:20:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=1623 Revision of levy and targeted exemptions restructures taxable coverage: air passenger transport fares are reclassified by class, exemptions apply to services for exhibitors abroad and general insurance under the national scheme, works contract services are exempted for specified residential schemes and within prescribed port or airport areas, and a 25% deduction from taxable value is provided for coastal and inland waterway goods transport. Retrospective exemptions are granted for certain membership fees and passenger transport under contract/tourist permits; effectiveness is tied to notification or enactment dates. News - Mon, 28 Feb 2011 16:20:31 +0530 https://www.taxtmi.com/news?id=1623