Amendments applicable w.e.f. 11th July, 2014
Mega Exemption
- Exemption to clinical research withdrawn.
- Exemption to transport of passengers by an air conditioned contract carriage withdrawn.
- A life micro insurance scheme for poor approved by IRDA where sum does not exceed ` 50,000 is now exempted.
- Loading, unloading, packing storage or warehousing, transport of organic manure by vessel, rail or road (by GTA) is exempted.
- Services provide by Common Bio-medical waste treatment facility operators to clinical establishment exempted.
- Exemption of auxiliary education services & Renting of Immovable property service received by educational institution limited.
- Abatement to GTA is applicable only if CENVAT credit on inputs, capital goods and input service is not availed by service provider.
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