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TMI BlogBudget 2011 - Service Tax - Exemptions:X X X X Extracts X X X X X X X X Extracts X X X X ..... Budget 2011 - Service Tax - Exemptions: - News and Press Release Dated:- 28-2-2011 - News - 12.1 Notification 26/2010-ST dated 22-6-2010 is being amended by Notification 4/2011- ST and the service tax applicable in respect of Transport of passengers by air service is being revised as follows: (a) Domestic (economy) : From Rs.100 to Rs.150 (b) International (economy) : From Rs.500 to ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Rs.750 (c) Domestic (other than economy) : Standard rate of 10% 12.2 Exemption is being given to services rendered to an exhibitor participating in an exhibition held outside India (Notification No. 5/ST-2011). 12.3 Exemption from service tax is being provided to Works contract service‟ when rendered for the construction of residential complexes or completion and finishing servi ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ces of a new complex under Jawaharlal Nehru Urban Renewable Mission (JNURM) and Rajiv Awaas Yojana (Notifications No. 6/ST-2011). 12.4 Exemption has been given to the taxable service of general insurance when provided under Rashtriya Swashya Bima Yojna (Notifications No. 7/ST-2011). 12.5 Exemption from service tax is being provided to works contract service rendered within a port, or o ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ther port or airport in specified areas (Notifications No. 10 11/ST-2011). 12.6 An exemption of 25% from the taxable value is being provided in respect of services rendered in relation to transport of coastal goods and goods transported through national waterways or inland water (Notification No.16/ST-2011). 12.7 Exemptions with retrospective effect have been given by the Finance Bil ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... l: (a) To an association or chamber representing commerce or industry in respect of membership fee under the Club or Association Service‟ for the period from 16.06.2005 to 31.03.2008; and (b) To inter-state or intra-state transportation of passengers, in a vehicle bearing contract carriage and tourist vehicle permit for the period from 01.04.2000 to 06.07.2009 12.8 These changes ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... will come into effect on the dates mentioned in the respective notifications or when the bill is enacted and notified, as the case may be. - News - Press release - PIB Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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