Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
Don't have an account? Register Here
<h1>Central Government Can Revoke Service Tax Rebates Under Section 93A If Exporters Fail to Meet RBI Payment Timelines.</h1> Section 93A of the Finance Act, 1994, grants the Central Government the authority to rebate service tax paid on taxable services used as inputs for manufacturing or processing exported goods or providing taxable services. This rebate is subject to conditions specified by notification in the Official Gazette. If the exporter fails to receive sale proceeds or service consideration within the Reserve Bank of India's timeframe, the rebate is considered void. The government may then recover or adjust the rebate amount as specified by notification. Amendments to this section were made by various Finance Acts between 2006 and 2016.