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Exemption to goods & materials sold by service sold by service provider to recipient of service - 012/03 - Service Tax

 
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Rescinded vide Notification No. 34/2012- Service Tax, Dated 20/06/2012

Exemption to goods & materials sold by service sold by service provider to recipient of service

[Notification No. 12/2003-S.T., dated 20/6/2003]

[As amended by Notification No. 12/2004-ST, Dated 10/09/2004]

In exercise of the powers conferred by 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 so much of the value of all the taxable services, as is equal to the value of goods and materials sold by the service provider to the recipient of service, from the service tax leviable thereon under section (66) of the said Act, subject to condition that there is documentary proof specifically indicating the value of the said goods and materials.

1[Provided that the said exemption shall apply only in such cases where-

(a) no credit of duty paid on such goods and materials sold, has been taken under the provisions of the Cenvat Credit Rules, 2004; or

(b) where such credit has been taken by the service provider on such goods and materials, such service provider has paid the amount equal to such credit availed before the sale of such goods and materials]

2. This notification shall come into force on the 1st day of July, 2003.

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Note :

1. Has been inserted vide Notification No. 12/2004 dated 10/9/2004

 

 
 
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