Services supplied to SEZ

This query is : Resolved

Rohan (Querist)
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11 April 2011 Services are supplied to unit localted in sez. The services are consumed within sez premises....in such case no service tax shall be levied by servce provider

whehter any form / document / declaration should be ontained from SEZ unit in such cases?
whether it is sufficient for the service provider that he has provided the services in sex premises to claim exemption ?

RAMESH KUMAR VERMA

RAMESH KUMAR VERMA (Expert)
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11 April 2011 it is understood.

A Special Economic Zone (SEZ) is a specified duty free zone deemed to be a foreign territory within the country for the purpose of tariff and trade. The objectives of SEZ include promotion of goods and services leading to enhanced economic activities, investment promotion, development of infrastructure, creation of employment opportunities etc. SEZ’s could be multiple product SEZ’s, sector specific, IT sector, free trade and warehousing, gem and jewellery sector, biotechnology etc. SEZ’s enjoy a host of fiscal and tax benefits. Indirect tax exemptions include customs duty, central excise duty, service tax, central sales tax, stamp duty and other miscellaneous taxes and duties. Direct tax exemptions include income tax, dividend distribution tax, securities transaction tax, minimum alternate tax etc.

for more info:-

http://www.taxmanagementindia.com/visitor/detail_article.asp?ArticleID=1240