[TO
BE PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINARY, PART II, SECTION 3,
SUB-SECTION (i)]
GOVERNMENT
OF INDIA
MINISTRY OF FINANCE
(DEPARTMENT OF REVENUE)
NOTIFICATION
No.
41/2016-Service Tax
New Delhi, the
22nd September, 2016
GSR_______(E).- In
exercise of the powers conferred by sub-section (1) of 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 taxable service
provided by State Government Industrial Development Corporations/ Undertakings
to industrial units by way of granting long term (thirty years, or more) lease
of industrial plots from so much of service tax leviable thereon under section
66B of the said Act, as is leviable on the one time upfront amount (called as
premium, salami, cost, price, development charges or by any other name) payable
for such lease.
[F. No. 354/51/2016 -TRU]
(Anurag Sehgal)
Under Secretary to the Government of India
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