« Service Tax » Open DEMAT Account in 24 hrs  Central Govt Extended Time Limit to File Refund Claim of Service Tax on Exported Goods: CESTAT allows Refund  Filing Income Tax Return Early? Make Sure To File Correct Details  ITR 3 What is ITR 3 Form & How to File ITR-3?  ITR Filing 2024: How To Claim Tax Refund Online, Check Step-by-step Guide To Know Status  Income tax return filing for FY23-24: Check details of Form 16 issue date, ITR forms  How to maximize tax benefits for senior citizens in India  Income tax return filing: ITR filing 2024 date is upon us, but should you rush to file?  Income Tax Return AY 2024-25: ITR-1, ITR-2, ITR-4 Enabled for Online Filing; Check Details  New Tax Regime: What Is It? How Can You Opt For It? Comparison With Old One  6 Ways to Save Income Tax On New & Old Tax Regime for FY 2023-24  Income Tax SFT return filing due date extension: Facility to remain open for a couple of days Latest news «  Service tax on sale of new houses to go... Rs 2cr service tax evasion detected... » Special Economic Zones & Service Tax Issues & Implications January, 29th 2009 Special Economic Zones (SEZs) are designated duty free enclaves which are considered as deemed foreign territories for the purpose of trade operations, duties and tariffs. Several exemption and concessions to SEZ developers and SEZ units from various taxes and duties have been granted by the Government with a view to boost exports and investments. Tax benefits promised to SEZs by the Government has never been free from ambiguities. As regards service tax, the perception has been that SEZ developers and SEZ units enjoy complete exemption from service tax and that there are no service tax implications. However, it would be interesting to note that there are certain restrictions to this exemption and the provisions of SEZ Act and the Service Tax legislations are not in consonance with each other.