TaxTMI 
TaxTMI 
SERVICE TAX - New exemptions - THE FINANCE (No. 2) BILL, 2014
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....ERVICE TAX - New exemptions - THE FINANCE (No. 2) BILL, 2014 <br>News and Press Release<br>Dated:- 13-7-2014<br><BR>New exemptions • Life micro-insurance schemes for the poor, approved by IRDA,....
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.... where sum assured does not exceed Rupees Fifty Thousand to be exempted from service tax. • Transport of organic manure by vessel, rail or road (by GTA) is being exempted. • Loading, unl....
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....oading, packing, storage or warehousing, transport by vessel, rail or road (GTA), of cotton, ginned or baled, is being exempted. • Services provided by common bio-medical waste treatment facili....
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....ty operators to clinical establishments are being exempted. • Specialized financial services received by RBI from global financial institutions in the course of management of foreign exchange r....
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....eserves, e.g., external asset management, custodial services, securities lending services, etc. are being exempted. • Services provided by Indian tour operators to foreign tourists in relation ....
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....to a tour wholly conducted outside India are being exempted. • New exemptions will come into effect immediately,i.e.11.7.2014 See:- Mega exemption notification - Notification No. - 25/2012 Dat....
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....ed - June 20, 2012 - [As amended]<BR> News - Press release - PIB....