Brush-Up - 2 # Service Tax # - Changes in provisions of Service Tax in relation to SEZ‏

Last week two major amendments were brought in the provisions of Service Tax in relation to SEZ. Changes are as follows:-

1. Time Limit for Furnishing of Quarterly Statement

Notification No. 15/2013 dated 21st November, 2013 has prescribed the time limit for filing the quarterly statement to the jurisdictional Superintendent of Central Excise.

 The same has been come into effect by substituting the clause (d) of sub para (II) of para 3 of the Notification No.12/2013-Service Tax, dated the 1^st July, 2013. The new text is as follows:-

"Now, as per the New Notification every SEZ unit or the Developer shall furnish to the jurisdictional Superintendent of Central Excise a quarterly statement in Form A-3, furnishing the details of specified services received by it without payment of service tax, by 30^th of the month following the particular quarter:

Provided that for the quarter of July, 2013 to September, 2013, the said statement shall be furnished by the 15^th of December, 2013."

2. Inclusion of Two more services

Good News for SEZ sector, now they can receive two more Input Services without payment of Service Tax.

The Ministry of Commerce & Industry, Department of Commerce (SEZ Division) vide Instruction No. 79 dated 19th November, 2013 have included two more services in the list of default authorised services, namely:-

   (i) Rent-a-Cab Scheme Operator's Services

   (ii) SEZ Online Services

Now, the list of default authorised services expanded to 58 services. 

Hope shared information help you to fulfil the professional commitments.

Warm Regards

Gaurav Arya

Chartered Accountant

"Victory is not a property of brilliants but it is a crown for those who pursue hard work with confidence and devotion"