General Insurance - Taxable Services - As appliable on or before 30-6-2012 - Service Tax

General Insurance (w.e.f. 1.7.1994) What is taxable - 65(105)(d) Any service provided or to be provided to a policy holder or any other person , by an insurer, including re-insurer carrying on general insurance business in relation to general insurance business; Who is the receiver of service A policy holder or any other person Who is the provider of service An insurer including re-insurer carrying on general insurance business Meaning of General Insurance Business - 65(49) "general insurance business" has the meaning assigned to it in clause (g) of section 3 of the General Insurance Business (Nationalisation) Act, 1972; As per clause (g) of section 3 of General Insurance Business (Nationalization) Act, 1972; "general insurance business' means fire, marine or miscellaneous insurance business, whether carried on singly or in combination with one or more of them but does not include redemption business and annuity certain business"; Meaning of Insurer - 65(58) "insurer" means any person carrying on the general insurance business or life insurance business and includes a re-insurer ; Meaning of Policy Holder - 65(80) "policy holder" has the meaning assigned to it in clause (2) of section 2 of the Insurance Act, 1938; As per clause (2) of section 2 of the Insurance Act, 1938; "policy holder includes a person to whom the whole of the interest of the policy-holder in the policy is assigned once and for all, but does not include an assignee thereof whose interest in the policy is defeasible of is for the time being subject to any condition." ************************* A. As per Paragraph No 6. of Circular No. 96/7/2007 dated 23/8/2007 states that :- "6. This circular supersedes all circulars, clarifications and communications, other than Orders issued under section 37B of the Central Excise Act, 1944 (as made applicable to service tax by section 83 of the Finance Act, 1994), issued from time to time by the CBEC, DG (Service Tax) and various field formations on all technical issues including the scope and classification of taxable services, valuation of taxable services, export of services, services received from outside India, scope of exemptions and all other matters on levy of service tax. With the issue of this circular, all earlier clarifications issued on technical issues relating to service tax stand withdrawn."