Section 66A and STPI units
This query is : Open
12 August 2009
Hi all
A company which is situated in STPI under section 10A.(where 100% income is exemptfrom tax)and service tax also exempt..But as per section 66A of service tax..If any service is received from outside india by a company which has place of business in india..this STPI unit is receiving some services from outside india..So is it necessary to service tax on that.. or is there any sepcial exemption for this.. Pls help on this....Its very urgent
Thanks in advance
A company which is situated in STPI under section 10A.(where 100% income is exemptfrom tax)and service tax also exempt..But as per section 66A of service tax..If any service is received from outside india by a company which has place of business in india..this STPI unit is receiving some services from outside india..So is it necessary to service tax on that.. or is there any sepcial exemption for this.. Pls help on this....Its very urgent
Thanks in advance
Madhukar N Hiregange
(Expert)
13 August 2009
No special exemption.
However all services are not taxable and there are conditions for 66A to be attracted- see the rules or contact a local expert.
However all services are not taxable and there are conditions for 66A to be attracted- see the rules or contact a local expert.
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