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INTERVIEW QUESTIONS TAX SERVICE TAX DETAILS

Question: Who can apply for an Advance Ruling of Service Tax?

Answer: i. A non-resident setting up a joint venture in India in collaboration with a nonresident or a resident; or

ii. A resident setting up a joint venture in India in collaboration with a non- resident; or

iii. A wholly owned subsidiary Indian company, of which the holding company is a foreign company, which proposes to undertake any business activity in India;

iv. A joint venture in India,
(Ref.: Section 96A of the Service Tax, Provisions under Finance Act, 1994).

v. A resident falling within any such class or category of persons, as the Central Government may, by notification in the official Gazette, specify in this behalf, and which or who, as the case may be, makes application for advance ruling under subsection (1) of section 28H of the Customs Act or Section 23C of Central Excise Act or Section 96C of Service Tax provisions of Finance Act, 1994.

vi. A resident as an applicant who proposes to import any goods from the Republic of Singapore under Comprehensive Economic Co-operation Agreement (CECA). Refer Notification No.69/2005 dated 29.07.2005.

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Question: Who can apply for an Advance Ruling of Service Tax?

Answer:

i. A non-resident setting up a joint venture in India in collaboration with a nonresident or a resident; or

ii. A resident setting up a joint venture in India in collaboration with a non- resident; or

iii. A wholly owned subsidiary Indian company, of which the holding company is a foreign company, which proposes to undertake any business activity in India;

iv. A joint venture in India,
(Ref.: Section 96A of the Service Tax, Provisions under Finance Act, 1994).

v. A resident falling within any such class or category of persons, as the Central Government may, by notification in the official Gazette, specify in this behalf, and which or who, as the case may be, makes application for advance ruling under subsection (1) of section 28H of the Customs Act or Section 23C of Central Excise Act or Section 96C of Service Tax provisions of Finance Act, 1994.

vi. A resident as an applicant who proposes to import any goods from the Republic of Singapore under Comprehensive Economic Co-operation Agreement (CECA). Refer Notification No.69/2005 dated 29.07.2005. Source: CoolInterview.com



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