Service Tax on Rating services to SEZ Unit

[Ashok Chopra]

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

 

[YAGAY and SUN]

You would have to pay the service Tax and then, apply for refund.

[Ashok Chopra]

Sir,

Pls provide me copy of notification, circular or clarification, which clearly shows that this type of services are exempted for the unit in SEZ and refund can be taken after payment of service tax

thanks and regards

 

[YAGAY and SUN]

Notification No. 40 / 2012-Service Tax dtd. 20-06-2012.

AI Summary

Service tax on rating services: taxable to SEZ units but refundable after payment under applicable notification.
Rating services procured by an SEZ unit are treated as taxable; the unit should pay the service tax when charged and then pursue refund relief under the applicable notification, specifically cited as Notification No. 40/2012 Service Tax.