What is Stem Cell Banking?

Some cells are taken from umbilical cord of a new born baby

These are preserved for future by cord blood banks

They are very useful in case person suffers from any disease later



Stem cell banking services is Exempt:

Services provided by cord blood bank s by way of preservation of stem cells or any other service in relation to such preservation are exempt from service tax

  1. Service Tax
  2. Basic Concepts of Service Tax

About the Author

CA Maninder Singh's photo - Expert in Practical Accounts, Taxation and Efiling
CA Maninder Singh
CA Maninder Singh is a Chartered Accountant for the past 11 years. He also provides Accounts Tax GST Training in Delhi and Pune.