Life, heath insurance services: SRB issues two notifications regarding ST exemption

With the approval of the Government of Sindh, Sindh Revenue Board has issued two notifications on Thursday, in relation to exemption of Sindh sales tax on the services of life insurance and health insurance.
Through the notification No SRB-3-4/2/2017, all life insurance services as are provided or rendered during the financial year 2016-17 have been exempted from the levy of Sindh sales tax. Previously too, Sindh sales tax was not levied on life insurance services. This exemption shall now continue for a period up to June 30, 2017.
Through the other notification No SRB-3-4/3/2017, Sindh sales tax has been exempted on such of the health insurance services as are provided or rendered to individual persons. However, the group health insurance services provided or rendered to persons other than individuals shall continue to be levied.-PR