Time limit prescribed for filing Form A-3 by SEZ Unit / SEZ Developer

Time limit prescribed for filing Form A-3 by SEZ Unit / SEZ Developer

The Central Government vide Notification No. 15/2013-Service Tax dated November 21, 2013 (“the Notification”) has amended Notification No. 12/2013-Service Tax dated July 1, 2013 (“Notification 12/2013”).

Notification 12/2013 exempts the services on which service tax is leviable under section 66B of the Finance Act, 1994 (“the Finance Act”) from the whole of the service tax, education cess, and secondary and higher education cess leviable thereon received by a unit located in a Special Economic Zone (“the SEZ Unit”) or Developer of SEZ (“the Developer”) and used for the authorised operations.

In terms of para 3, sub para (II) clause (d) of the Notification 12/2013, SEZ Unit or the Developer had to furnish a quarterly statement, in Form A-3, to the jurisdictional Superintendent of Central Excise providing the details of specified services received by it without payment of service tax to avail ab initio exemption on the specified services received and used exclusively for authorised operations.

The Notification has amended the above condition to provide for the time period by which such quarterly statement is to be filed. Accordingly, the SEZ Unit or the Developer shall furnish a quarterly statement in Form A-3 to the jurisdictional Superintendent of Central Excise providing the details of the specified services received by it without payment of service tax by 30^th of the month following the particular quarter.

Further, the Notification states that Form A-3 pertaining to the period July, 2013 to September 2013 shall be furnished by December 15, 2013.

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Bimal Jain
FCA, FCS, LLB, B.Com (Hons)
Mobile: +91 9810604563
E-mail: bimaljain@hotmail.com

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