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July 2011

Circular No. 143/12/2011-ST, dated 26-5-2011.

By Tarun Ghia, Brijesh Cholera, Pratik Mehta
Chartered Accountants
Reading Time 1 mins
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By this Circular it has been clarified that benefit of exemption as provided by the Central Government vide Notification No. 14/2004-ST, dated 10-9-2004 is available in respect of process of

(1) threshing and drying of tobacco leaves and then after packing the same, and

(2) processing of raw cashew and recovering kernel as far as the activity is conducted by processing units for and on behalf of client as the activity doesn’t result in any change in their essential character at the output stage. In addition, this Circular also clarifies that service tax is not applicable on commission paid to agents stationed abroad who provide business auxiliary service to promote the export of rice.

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