Union Budget 2018 - Changes in Service Tax.

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..... . No. 334/04/2018-TRU New Delhi, dated February 1st, 2018 Dear Madam/Sir, Subject: Union Budget 2018 - Changes in Service Tax - reg. The Finance Minister has, while presenting the Union Budget 2018-19, introduced the Finance Bill in the Lok Sabha on the 1st of February, 2018. While Clause 99 of the Bill relates to exemption from integrated tax levied under section 3(7) o .....

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..... ease during the period from 1 st July, 2017 to 7th July, 2017 subject to the payment of Integrated tax leviable under section 5(1) of the IGST Act, 2017 on the said supply. ( Clause 99 of the Bill refers) (b) Services provided or agreed to be provided by the Naval Group Insurance Fund by way of life insurance to personnel of Coast Guard, under the Group Insurance Schemes of the C .....

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..... both, is proposed to be exempted from service tax for the period commencing from 1 st April, 2016 and ending with 30th June, 2017. ( Clause 105 of the Bill refers) 4. General 4.1 Changes explained above are meant to draw attention to major changes. The text of the statutory provisions should be read carefully for interpreting the law. Any issues or doubts which may arise or any .....

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