Exemption to life insurance business from whole of service tax

In the exempted list of services, a new entry under serial no. 26A has been inserted in which services of life insurance business shall be exempt from whole of service tax if provided under following scheme –

(a)   Janashree Bima Yojana (JBY); or
(b)  Aam Aadmi Bima Yojana (AABY)

 

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