Govt exempt Service Tax on upfront amount on Lease of Industrial Plots by State Government Industrial Development Corporations/ Undertakings

By | September 23, 2016
(Last Updated On: September 23, 2016)

Seeks to exempt taxable service provided by State Government Industrial Development Corporations/ Undertakings by way of granting long term (thirty years, or more) lease of industrial plots to industrial units from so much of service tax which is leviable on the one time upfront amount (called as premium, salami, cost, price, development charges or by any other name) payable for such lease.

Download Notification No 41/2016-Service Tax dt. 22-09-2016

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