Government of India
Ministry of Finance
(Department of Revenue)
No. 56/98 – Service Tax
New Delhi, dated the 7th October, 1998
G.S.R.(E) – In exercise of the powers conferred by 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 a security agency from the service tax leviable on the gross amount charged from a client in relation to the services of providing safe deposit lockers or security or safe vaults, for security of movable property.
2. This notification shall come into force on the 16th day of October, 1998.
UNDER SECRETARY TO THE GOVERNMENT OF INDIA
F.No. B. 11/3/98-TRU
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