cenvat credit

Notification No. 2/2016-ST

amends Notification No. 12/2013 granting
outright exemption or refund of service tax on input services received and used by the Special Economic Zone (SEZ) unit or developer. Now, the SEZ unit or developer can claim refund of Swachh Bharat Cess charged by the service providers, if the outright exemption is not claimed. The notification also provides for refund of Swachh Bharat Cess component, in case, there are common services used for SEZ and DTA units and the credit of service tax on such common services is distributed to the SEZ.

Thanks & Regards

Piyush Tanwar

CA Finalist and Internal Auditor

Mobile - 9717468521