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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 .
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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.
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