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CREDIT UNDER NEW REGIME, Service Tax |
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CREDIT UNDER NEW REGIME |
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A power generation company is doing some experiment to enhance the agriculture production with use of fly ash & taking some service eg manpower supply & hiring of tractor etc for the saidactivity. Whether services taken by the company for said work can be treat as services in relation to agriculture & hence not taxable under new regime. Posts / Replies Showing Replies 1 to 1 of 1 Records Page: 1
Services related to agriculture is included in the Negative List Agriculture is defined under Finance Act, 2012 as cultivation of plants and rearing of all life-forms of animals, except raering of horses . Agricultural extension means application of scentific research and knowledge to agricultural practioces through farmer education and training. Filling of land with fly ash and exeprimenting enhancement of agricultural production appearsto be not falling under the definition of negative list Page: 1 Old Query - New Comments are closed. |
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