https://www.taxtmi.com/caselaws?id=756309 Signage income earned by an SEZ developer or co-developer for providing display space to SEZ units was treated as exempt from service tax when the activity formed part of authorised operations. The statutory exemption under the SEZ Act, read with section 2(w) and the SEZ Rules, was held to prevail over inconsistent refund-based conditions in exemption notifications. Classification of the activity as advertisement service did not sustain the demand. The Tribunal also noted that the negative list regime independently supported non-taxability for the relevant period, so the service tax demand could not survive. en-us Fri, 12 Jul 2024 00:00:00 +0530 Wed, 31 Jul 2024 10:50:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=756309 Signage income earned by an SEZ developer or co-developer for providing display space to SEZ units was treated as exempt from service tax when the activity formed part of authorised operations. The statutory exemption under the SEZ Act, read with section 2(w) and the SEZ Rules, was held to prevail over inconsistent refund-based conditions in exemption notifications. Classification of the activity as advertisement service did not sustain the demand. The Tribunal also noted that the negative list regime independently supported non-taxability for the relevant period, so the service tax demand could not survive. Case-Laws Service Tax Fri, 12 Jul 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=756309