Menu
Service tax on world bank aided project
DEAR SIR, WE ARE A CIVIL CONTRACTOR FIRM . WE HAVE BEEN AWARDED A PROJECT FOR REHABILITATION AND IMPROVEMENT WORK OF A DAM IN JHARKAHND.THIS PROJECT IS FUNDED AND AIDED BY WORLD BANK.WE WANT TO KNOW WHETHER SERVICE TAX WILL BE LEVY ON THE CONTRACT . OR IT WILL BE A EXEMPTED SERVICE .
Replies (1)
Entry 12 of mega exemption notification 25/2012-ST provides for possible exemption in case of Services provided to the Government, a local authority or a governmental authority by way of construction, erection, commissioning, installation, completion, fitting out, repair, maintenance, renovation, or alteration of
(d) canal, dam or other irrigation works;
Proper legal opinion could be obtained to ensure the exemption as the other aspects such contractual terms etc would influence the aspect of taxability.
Recent Topic
- Free GST invoice tool I built for my practice R
- Clarification on Gratuity Exemption under Section
- GOODS AND SERVICE TAX - GSTR 1
- Correct ITR form
- Clarification required on Section 393 & Report
- Professional advance taxes
- Surrender pan process
- Tds on deceased's pan
- Exempt income declaration schedule EI in ITR2 (AY2
- Mold cost invoice in GST return
Related Topics
CAclubindia
