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>Govt's 2003 Notification: Service Tax Exemption on 33% for Plant, Machinery Services; Non-combinable with Other Benefits</h1> The Central Government issued Notification No. 19/2003, dated August 21, 2003, providing an exemption from service tax for services related to the erection, commissioning, or installation of plants, machinery, or equipment. This exemption allows service tax to be calculated on 33% of the contract's gross amount. It is optional for the service provider and cannot be combined with benefits from Notification No. 12/2003. Additionally, no Cenvat credit on inputs or capital goods should be claimed. This notification was amended by Notification No. 12/2004 and rescinded by Notification No. 2/2006.