12 February 2010
What is the current rule of Service Tax for SEZunit? Our company is located in SEZ. We are going to take a General Insurance Policy. Should companmy need to pay Service Tax on premium amount or it will be exempt?
13 February 2010
SEZ units are Exempted from Payment of Service Tax against the services consumed in SEZ. If you are taking general insurance policy for your SEZ unit , it will be exempted. Provide a copy of Service Tax exemption letter you have received from DC to the service provider.
you can refer sec. 31 of SEZ Rules , 2006 for this concern. ( you can visit our website www.sez-india.net and download the copy of sez rules. )
CAclubindia
