Yoga Services Exempted from Service Tax
Posted @ October 24, 2015, 8:32 pm under (Service Tax Updates)
The Central Board of Excise and Customs (CBEC) has in a notification dated October 21 specifically added yoga as one of the activities in the definition of 'charitable activities' rendered by an entity registered under section 12AA of the Income tax Act, 1961 .
Thus Income of a trusts from yoga-related activities will now not be subject to service tax.
Yoga’ has been covered in Mega ExemptionNotification w.e.f. 23-10-2015. Earlier the exemption was extended to only by way of ‘Charitable Activities’ which covered only activities relating to advancement of religion, spiritualityof religion, spirituality.