Respected Forum,
I have my unit in SEZ, One agency has provided me services of Rating for Bank Loan and asking to charge Service Tax.
Please clarify, can i avail exemption?, if yes, provide me copy of notification any circular, clarification, which clearly shows that this type of services are exempted for the unit in SEZ.
waiting for your kind advice
Service Tax on Bank Loan Rating Services: SEZ Unit Seeks Clarity on Exemptions and Refunds per Notification 40/2012. A unit in a Special Economic Zone (SEZ) sought clarification on whether service tax applies to rating services provided for bank loans. The unit requested information on any exemptions and relevant notifications. A respondent advised that the service tax must be paid initially, followed by a refund application. The respondent referenced Notification No. 40/2012-Service Tax dated 20-06-2012, which may provide guidance on exemptions and refund procedures for SEZ units. (AI Summary)
TaxTMI 
TaxTMI 
TaxTMI 
