Hi,
Please clarify:
My company is an infrastructure company.Currently we have installed 1 MWp solar power plant and generating power and distributing the same to our holding company.We have also entered power purchase agreement with the holding company.Hence the query is revenue so generated , is subject to service tax or KVAT ??
Please do give suggestions.
Thanks in advance
Distribution of power to holding co is taxable service as it is neither a negative service nor specifically exempt under Mega exemption notification......
(Distribution of electricity by State electricity board is -ve service as specified u/s66D)
Thanks.
Whether it is liable under KVAT??
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