Excel for Chartered Accountants Circular No.177/03/2014 - ST
F. No.334/03/2014-TRU North Block, New Delhi 17th February, 2014 The megaexemption Notification 25/2013 has also been amended by Notification No. 04/2014 whereby entry 40 has been added to Mega Exemption List exempting "Services by way of loading, unloading, packing, storage or warehousing of rice" Download the Notification 04/22014 >>
To, 2. These doubts have arisen in the context of definition of "agricultural produce" available in section 65B(5) of the Finance Act, 1994. The said definition covers "paddy"; but excludes "rice". However, many benefits available to agricultural produce in the negative list [section 66D(d)] have been extended to rice, by way of appropriate entries in the exemption notification.
3. Transportation of rice: 3.2 by a goods transport agency: Transportation of food stuff by a goods transport agency is exempt from levy of service tax [exemption notification 25/2012-ST dated 20th June, 2012 [entry sl.no.21(d)]; amending notification 3/2013-ST dated 1st March 2013]. Food stuff includes rice.
4. Loading, unloading, packing, storage and warehousing of rice: Exemption has been inserted in the exemption notification 25/2012-ST dated 20th June, 2012 [entry sl.no.40]; amending notification 4/2014-ST dated 17th February 2014 may be referred.
6. Reference may be made to JS, TRU in case of any further doubt. Trade Notice/ Public Notice may be issued. Hindi version to follow.
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