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    <title>SERVICE TAX AMENDMENT IN FINANCE ACT, 2025</title>
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    <description>A retrospective exemption bars levy or collection of service tax on reinsurance services provided under the Weather Based Crop Insurance Scheme and the Modified National Agricultural Insurance Scheme for the period 1 April 2011 to 30 June 2017, overriding prior section 66/66B provisions. Refunds are mandated for tax collected that would not have been payable under the exemption, with refund claims to be filed within six months from the date the Finance Bill, 2025 receives Presidential assent; the previously omitted chapter is treated as if in force for refund purposes.</description>
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      <link>https://www.taxtmi.com/article/detailed?id=14067</link>
      <description>A retrospective exemption bars levy or collection of service tax on reinsurance services provided under the Weather Based Crop Insurance Scheme and the Modified National Agricultural Insurance Scheme for the period 1 April 2011 to 30 June 2017, overriding prior section 66/66B provisions. Refunds are mandated for tax collected that would not have been payable under the exemption, with refund claims to be filed within six months from the date the Finance Bill, 2025 receives Presidential assent; the previously omitted chapter is treated as if in force for refund purposes.</description>
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