SERVICE TAX - SEZ – procedural simplification: [changes to have immediate effect] - THE FINANCE (No. 2) BILL, 2014

SEZ – procedural simplification: [changes to have immediate effect].

          • To be provided that the Central Excise Officer would issue Form A-2, within fifteen days from the date of receipt of Form A-1.

          • Exemption would be available from the date when list of service on which SEZ is entitled to upfront exemption is endorsed by the authorised officer of SEZ in Form A-1, provided Form A-1 is furnished to the jurisdictional Central Excise Officer within fifteen days of its verification. If furnished later, exemption would be available from the date on which Form A-1 is so furnished.

          • Pending issuance of Form A-2, exemption will be available subject to condition that authorization issued by the Central Excise officer will be furnished to service provider within a period of three months from provision of service.

          • As regards services covered under reverse charge, the requirement of furnishing service tax registration number of service provider shall be dispensed with.

          • A service shall be treated as exclusively used for SEZ operations if the recipient of service is a SEZ unit or developer, invoice is in the name of such unit/developer and the service is used exclusively for furtherance of authorized operations in the SEZ.

See:- Exemption on services provided to SEZ authorised operations - Notification No. - 12/2013 Dated - July 1, 2013 (As amended)

See:- Exemption on services provided to SEZ authorised operations - Notification No. - 12/2013 Dated - July 1, 2013 [As Amended]