TMI BlogSERVICE TAXX X X X Extracts X X X X X X X X Extracts X X X X ..... Finance Act, 1994 and is being incorporated in the general exemption notification. (Clauses 120 121 of the Bill refers) Nil Nil 2. Service tax exemption to taxable services provided or agreed to be provided by the Army, Naval and Air Force Group Insurance Funds by way of life insurance to members of the Army, Navy and Air Force under the Group Insurance Schemes of the Central Government, is being made effective from 10th day of September, 2004, the date when services of life insurance became taxable ( Clause 127 of the Bill refers ). 14% Nil 3. Benefit of the exemption notification No. 41/2016-ST date ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ating to vacancies not to invalidate proceedings is being omitted. [123] 7. Sub-section (3) of section 96C is being amended so as to increase the application fee for seeking advance ruling from rupees two thousand five hundred to rupees ten thousand on the lines of the Central Excise Act. [124] 8. Sub-section (6) of section 96D is being amended so as to provide time limit of six months by which Authority shall pronounce its ruling on the lines of the Central Excise Act. [125] 9. A new section 96HA is being inserted so as to provide ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Under the Regional Connectivity Scheme (RCS), exemption from service tax is being provided in respect of the amount of viability gap funding (VGF) payable to the selected airline operator for the services of transport of passengers, with or without accompanied belongings, by air, embarking from or terminating in a Regional Connectivity Scheme (RCS) airport, for a period of one year from the date of commencement of operations of the Regional Connectivity Scheme (RCS) airport as notified by Ministry of Civil Aviation. 14% Nil D. Rationalisation measure 1. Explanation-I (e) for the purpose of sub ..... X X X X Extracts X X X X X X X X Extracts X X X X
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