Service Tax - Yoga included under Charitable Activities; PMJDY Exemption
NOTIFICATION No. 25/2012-ST dated 20.06.2012 exempts Services by an entity registered under section 12AA of the Income tax Act, 1961 (43 of 1961) by way of charitable activities.
Advancement of religion or spirituality is included in the definition of charitable activities. Now yoga is also included.
Services provided by a business facilitator or a business correspondent to a banking company:
In order to promote financial inclusion, the Government has exempted services provided by a business facilitator or a business correspondent to a banking company with respect to Basic Savings Bank Deposit Accounts covered by Pradhan Mantri Jan DhanYojana (PMJDY) by way of account opening, cash deposits, cash withdrawals, obtaining e-life certificates and Aadhar seeding, in the rural area branches of banking companies, from Service Tax. The services provided by any person as an intermediary to a business facilitator or a business correspondent with respect to the above mentioned services, have also been exempted from Service Tax.
Notification No. , Dated: October 21, 2015