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March 2011

Janata Personal Accident Policy not liable to service tax — Circular No. 133/2/2011-ST, dated 18-1-2011

By Tarun Ghia, Brijesh Cholera, Pratik Mehta | Chartered Accountants
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Part B : INDIRECT TAXES


SERVICE TAX UPDATE

69 Janata Personal Accident Policy not liable to service tax
— Circular No. 133/2/2011-ST, dated 18-1-2011.

By this Circular it has been clarified that the Janata
Personal Accident Policy is exempt from service tax as this is customised group
insurance scheme floated as per the specifications of State Government to extend
risk cover to target population and to fulfil rural or social sector obligations
prescribed by IRDA.

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