A Bill raise for additional storage charges for Party for use additional days . Storage at Free Trade and Warehousing Zone. Service Tax to be charges on bill raise for storage on FTWZ
Service Tax On FTWZ
amit gangwal
Service Tax Applies to Both Normal and Extended Storage Charges in Free Trade and Warehousing Zones A query was raised regarding the applicability of service tax on additional storage charges in a Free Trade and Warehousing Zone (FTWZ). The issue involved whether a bill for extra storage days should include service tax. In response, it was clarified that if charges are applicable for the normal storage period, they are subject to service tax. Similarly, any additional charges for extended storage days are also liable to service tax. (AI Summary)