If a company is into construction and engineering work of plant and has a construction work goin on in SEZ what are the various Tax benefit that a company can get ???????
PLS HELP
4 Replies
CA CS CIMA Prakash Somani
(Landmark Group)
(23502 Points)
Replied 14 April 2010
It is doing business into SEZ so it should eligible for exemption but on the other side it is doing causal work there. So it is not clear to me but it should get the exeption :)
nikhil jain
(student)
(38 Points)
Replied 15 April 2010
sir can u please elaborate what type of exemption can he get .............
V P Narasimhan
(Accounts Manager)
(791 Points)
Replied 20 April 2010
Dear
You have to insist to obtain a "exemption Certificate" in respect of Service Tax,Vast and other statutory items then only it will be valied. More over copy has to be furnished to supplier/contractor not to charge such levies.
Ratan Deep Saxena
(Asstt Manager (Accounts & Finance))
(2998 Points)
Replied 20 April 2010
Benefits
1. Duty-free import / export of goods & services during Construction, Operation & Maintenance of unit by the
entrepreneur
2. Income tax exemptions
3. Stamp duty waiver
4. Exemption from Minimum Alternate Tax (MAT), Central Sales Tax (CST) and Service Tax
5. Access to International funds and interest rates
6. Full freedom for subcontracting including subcontracting abroad
7. Job work on behalf of domestic exporter
8. Foreign Direct Investment allowed through automatic route
9. Other incentives as applicable from State Government of Maharashtra
10. In-house customs clearance
11. Single window clearance for state and central government level approvals through the office of the Development
Commissioner
12. Export and import of cargo on self-certification basis
13. Freedom to sell in Domestic Tariff Area
regards,
ratan
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