Special provision for retrospective exemption from service tax in certain cases relating to reinsurance services provided by insurance companies under Weather Based Crop Insurance Scheme and Modified National Agricultural Insurance Scheme.

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..... lating to reinsurance services provided by insurance companies under Weather Based Crop Insurance Scheme and Modified National Agricultural Insurance Scheme. 130. (1) Notwithstanding anything contained in section 66 of Chapter V of the Finance Act, 1994 (32 of 1994.), as it stood prior to the 1st day of July, 2012, or in section 66B of the said Chapter of the said Act, as it stood prior to the om .....

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..... ch the Finance Bill, 2025 receives the assent of the President. (3) Notwithstanding the omission of the said Chapter, the provisions of the said Chapter shall apply for refund under this section retrospectively as if the said Chapter had been in force at all material times. - Service tax Clause 130 of the Bill seeks to provide retrospective exemption from service tax to reinsurance services p .....

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