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[TO BE PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINARY,
PART II, SECTION 3, SUB-SECTION (i)]
GOVERNMENT OF INDIA
MINISTRY OF FINANCE
(DEPARTMENT OF REVENUE)
NOTIFICATION
No. 41/2016-Service Tax
New Delhi, the 22
nd
September, 2016
GSR_______(E).- In exercise of the powers conferred by sub-section (1) of
section 93 of the Finance Act, 1994 (32 of 1994), the Central Government, being
satisfied that it is necessary in the public interest so to do, hereby exempts taxable
service provided by State Government Industrial Development Corporations/
Undertakings to industrial units by way of granting long term (thirty years, or
more) lease of industrial plots from so much of service tax leviable thereon under
section 66B of the said Act, as 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.
[F. No. 354/51/2016 -TRU]
(Anurag Sehgal)
Under Secretary to the Government of India
notifications no 41 2016 service tax | iKargos