Budget 2014 -Resident private limited company can make application for Advance Ruling in Service tax – Notification No. 15/2014-ST Dated 11-7-2014
Notification No. 15/2014-Service Tax (N.T.), Notification No. 18/2014-Central Excise (N.T.) & Notification No. 51/2014- Customs (N.T.), Dated: July 11, 2014 notifies Resident private limited company” as class of persons under section 96A(b)(iii) of the Finance Act, 1994 who can make application for advance ruling. The definitions of “private limited company” & “resident” have the same meaning as in the Companies Act, 2013 and the Income-tax Act, 1961 respectively.
Notification No.15 /2014-Service Tax
New Delhi, the 11th July, 2014
G.S.R…….(E).- In exercise of the powers conferred by sub-clause (iii) of clause (b) of section 96A of the Finance Act, 1994 (32 of 1994), the Central Government hereby specifies “the resident private limited company” as class of persons for the purposes of the said clause.
Explanation.- For the purposes of this notification,-
(a) “private limited company” shall have the same meaning as is assigned to “private company” in clause (68) of section 2 of the Companies Act, 2013 (18 of 2013);
(b) “resident” shall have the same meaning as is assigned to it in clause (42) of section 2 read with sub-section (3) of section 6 of the Income-tax Act, 1961 (43 of 1961).
Under Secretary to the Government of India