12 June 2015
As per the Circular No: 123/5/2010-TRU dated 24/05/2010, the above service/ activity was not taxable under sub section 105 of section 65 of the finance Act, 1994. After the introduction of the negative list dated 01/07/2012, I wish to know whether this activity is taxable or under the negative list. If any body has a circular reference, kindly share here. It's too urgent. My client has got the government tender to finish it up in less than 6 months and the amount of tender is a one composite figure. please guide, if this benefit of 123/5/2010 can be obtained or not in service tax?
12 June 2015
As per negative list, (k) transmission or distribution of electricity by an electricity transmission or distribution utility; is exempted. Hence the benefit of 123/5/2010 can be obtained.