Union Budget 2014(Interim): changes in Service Tax

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..... dam/Sir, Subject: Union Budget 2014(Interim): changes in Service Tax - reg. In the Interim Union Budget, in Service Tax, two amendments have been made in notification number 25/2012-ST dated June 20, 2012: 1.1 Handling, storage or warehousing of rice: The definition of 'agricultural produce' in section 65B(5) of the Finance Act, 1994, leads to a differential treatment between paddy and rice. Pa .....

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..... e, is exempt as per sl.nos. 20(i) and 21(d) of Notification 25/2012-ST. 1.3 Milling of rice: In the same circular referred above in para 1.2, it is also clarified that milling of paddy into rice carried out as job work is covered by the exemption at sl.no.30 of notification 25/2012-ST, since such milling of paddy into rice is an intermediate production process. 1.4 Services provided by cord bloo .....

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