Service Tax Rebate - New Notification Issued
GOVERNMENT has issued a new notification in place of Notification No. 52/2011 S.T dated 30.12.2011 to regulate the rebate of Service Tax paid on the taxable services which are received by an exporter of goods (hereinafter referred to as the exporter) and used for export of goods, subject to the extent and manner specified.
- The rebate shall be granted by way of refund of service tax paid on the specified services.
- The rebate shall be claimed either on the basis of rates specified in the Schedule of rates annexed to the notification or on the basis of documents.
- No CENVAT credit of service tax paid on the specified services used for export of goods has been taken under the CENVAT Credit Rules, 2004;
- The rebate shall not be claimed by a unit or developer of a Special Economic Zone.
Detailed procedure on claiming the rebate is also given in the Notification.
Notification No. ; Dated June 29, 2012