Zero Service Tax on Agri Insurance Scheme
[Service
Tax Notification No. 58 dated 21st December 2010]
In
exercise of the powers conferred by sub-section (1) of section 93 of the Finance
Act, 1994 (32 of 1994), the Central Government, on being satisfied that it is
necessary in the public interest so to do, hereby exempts the 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,
from the whole of service tax leviable thereon under section 66 of the said
Act.
[F.No.137/80/2010-CX.4]