Retrospective exemption of Service Tax on Services related to advancement of yoga.

                    

Service related advancement of yoga is already exempted by mega exemption notification w.e.f. 23-10-2015.

Now with Notification No. 42/2016, dated – 26^th September 2016, CBEC retrospectively exempt the service related to advancement of yoga for the period July 2012 to 20^th October 2015.

CBEC retrospectively exempt (for the period July 2012 to 20^th October 2015) the advancement of yoga services provided by the entities registered under section 12AA of Income tax Act, 1961.

As per the notification, the central government directs that the service tax payable under section 66B of the of the Finance Act, 1994, on the service by way of advancement of Yoga provided by entities registered under section 12AA of Income-tax Act, 1961 (43 of 1961) in the said period, but for the said practice, shall not be required to be paid.