21 September 2011

Legal -ST-Arbitration -Exemption

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. 45/2011 – Service Tax

 New Delhi, the 12th September, 2011

            G.S.R. (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 services referred to under item (iii) of sub-clause (zzzzm) of clause (105) of section 65 of Finance Act, 1994.
2.This notification shall come into force on the date of its publication in the Official Gazette.
[F. No. 354/167/2011-TRU]

(Samar Nanda)
 Under Secretary to the Government of India



By virtue of this notification, Services rendered to any business entity, by an arbitral tribunal, in respect of arbitration  shall be exempted from service tax.

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