SERVICE TAX EXEMPTION GRANTED TO LIFE INSURANCE

SERVICE TAX EXEMPTION GRANTED TO LIFE INSURANCE

NOTIFICATION NO

49/2012-Service Tax, Dated : December 24, 2012

In exercise of the powers conferred by sub-section (1) of section 93 of the Finance Act, 1994 (32 of 1994), the Central Government, being satisfied that it is necessary in the public interest so to do, hereby makes the following further amendment in the notification of the Government of India in the Ministry of Finance (Department of Revenue), No.25/2012-Service Tax, dated the 20 th June, 2012, published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i), number G.S.R. 467 (E), dated the 20 th June, 2012, namely:-

In the said notification, after entry 26, the following shall be inserted namely:-

“26A . Services of life insurance business provided under following schemes -

(a) Janashree Bima Yojana (JBY); or

(b) Aam Aadmi Bima Yojana (AABY); ”.

F.No . 354 /190/ 2012-TRU

(Rajkumar Digvijay)
Under Secretary to the Government of India

Note.- The principal notification was published in the Gazette of India, Extraordinary, vide notification No. 25/2012 - Service Tax , dated 20 th June, 2012, vide number G.S.R. 467 (E), dated the 20 th June, 2012 and was last amended by notification No. 44/2012-Service Tax, dated the 7 th August, 2012 vide number G.S.R. 620 (E), dated the 7 th August, 2012