« Service Tax » Open DEMAT Account in 24 hrs  Tax e-filing: New banks enabled for online tax payments via e-pay tax service Check the entire list of banks  Income Tax Bill 2025: Changes under the new bill that taxpayers must know. Check FAQs  ITR filing: Know the new Budget 2025 rules for filing updated income tax returns  New Income Tax Bill 2025: What are expected changes and how will they affect you?  From tax changes to capex growth 5 key expectations from Emkay Global for Indias economy  Income Tax Returns: What are the consequences of not verifying your ITR within 30 days  Income Tax: Want to update your ITR? You can file an updated tax return; Here s all you need to know  ITR Filing 2024: How to check income tax refund status online using PAN card? A step-by-step guide  ITR Filing 2024: Which Income Tax Regime Is Better For NRIs? Check Expert Inputs Here  ITR filing 2024: How to check income tax refund status online? A step-by-step guide  Income Tax Return: Why should you wait till June 15 to file your ITR for FY24? «  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.