Whether there is any notification which states that hotels located in exempted areas notified in section 80-IC of income tax act will also be exempted from service tax laibility?
My client is into hotel business in uttrakhand & availing the benefit of exemption as per section 80-IC of income tax act.
09 May 2011
Exemption under IT wouldnot apply to ST they are 2 different laws. Specific exemptions are provided in ST which have to be referred. Presently only J&K exclusion exists.
CAclubindia
