Friday, 29 June 2012

Rebate No. 11/2005-ST Withdrawn

W.e.f. 01/07/2012, Rebate of service tax paid on export of services under Notification No. 11/2005-ST has been withdrawn.

Now the service providers has to claim refund of tax/duty paid input services, inputs used for export of service under Notification no. 39/2012-ST or claim refund under rule 5 of Cenvat Credit Rules, 2004.

No comments:

Bombay High Court Clarifies Tax Exemption Eligibility for Venture Capital Funds

  In a significant ruling, the Bombay High Court has reaffirmed that a Venture Capital Fund (VCF) registered with SEBI is entitled to claim ...