Trade Notice No.17/2003 STC Dated : 5 -8-2003.
Ministry 's Service Tax
Notification No.16/2003-ST (F.No.246/2/2003-CX.4) dtd 11-7-2003, is
communicated herewith for information, guidance and necessary action.
The contents of this Trade Notice may be brought to the knowledge of all constituent members of the Trade Associations and Chamber of Commerce.
(Issued from the File C.No.IV/16/901/2003 S.Tax)
Copy of Ministry 's Service Tax Notification No.16/2003-ST
G.S.R. 542 (E).- In exercise of the power conferred by the Section 93 of the Finance Act, 1994 (32 of 1994), the Central Government, being satisfied that it is necessary in the public interest, so to do, hereby exempts the taxable service provided by an insurer carrying on General Insurance Business to a policy holder in relation to general insurance business provided under the Universal Health Insurance Scheme, from the whole of the service tax leviable thereon under section 66 of the said Act.