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Service tax exemption

NEW DELHI: The Union Government has exempted from service tax taxable services provided by the Reserve Bank of India and taxable services provided to the RBI when the tax is liable to be paid by the RBI under Sec. 68 (2) of the Finance Act read with Rule 2 of the Service Tax Rules, 1994. Also exempt from the tax are taxable services received in India from outside the country by the RBI under Sec. 66A.

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