Union Budget 2018 - Changes in Service Tax.

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..... y 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) of the Customs Tariff Act, 1975, Clauses 103 to 105 of the Bill cover t .....

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..... 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 Central Government, are proposed to be exempted from service tax for the period commencing from 10th September, 2004 and .....

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..... 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 omission/ error observed may kindly be brought to the notice of the undersigned, Sh. Parmod Kumar, OSD (TRU) at [email protected] or Shri Pramod Kumar, DS ( .....

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