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February 2011

Certain general insurance business services exempted — Notification No. 58/2010-ST, dated 21-12-2010.

By Pinky Shah, Sonalee Godbole, Gaurang Gandhi, Tarun Ghia, Brijesh Cholera, Pratik Mehta | Chartered Accountants
Sejal Vasa | Company Secretary
Reading Time 1 mins
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Part B : INDIRECT
TAXES


SERVICE TAX UPDATE

50 Certain general insurance
business services exempted — Notification No. 58/2010-ST, dated 21-12-2010.

By this Notification,
taxable services in relation to general insurance business provided under the
Weather-based Crop Insurance Scheme or the Modified National Agricultural
Insurance Scheme, approved by the Government of India and implemented by the
Ministry of Agriculture, have been exempted.

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