CREDIT UNDER NEW REGIME, Service Tax

[Harishanker Patel]

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

[JAMES PG]

 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