Employer's Car Lease Scheme Exempt from Service Tax u/s 66B of Finance Act, 1994.

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....There will be no Levy of service tax on the proposed car lease scheme (of providing vehicles to employees) under Section 66B of the Finance Act, 1994 - applicant is an employer and the applicant is providing some service to its employees by giving an option to all such employees to avail of a car. - AAR....