Benefits enjoyed by 100% EOU

Stat Audit 1939 views 3 replies

Pls tell me the benefits enjoyed by a 100% EOU with respect to Income Tax,Service Tax,CST,Excise,Customs and VAT (local).

Replies (3)

1.100% exemption up to 5 yrs from 1996

2.reimbursment of CST 

EOU means no tax.. 100% exempt from any kind of govt duties

Taxablity to EOU (Excise)

100% EOU Removing Good  in DTA(Domestic tariff Area):::

Goods manufactured by EOU and brought to any other place in India, the duties of excise which shall be levied and collcted theron w.r.t

Notification no.23/2033-C.e.,dated 31-3-2003

 


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