Service Tax- Seeks to notify “the Resident Public Limited Company” as a Class of Persons

Seeks to notify “the resident public limited company” as a class of persons under sub-clause (iii) of clause (b) of section 96A of the Finance Act, 1994

Notification No.4/2013 - Service Tax, dated 1^st March, 2013

[F.No. 334 /3/ 2013-TRU]

G.S.R....(E)- In exercise of the powers conferred under sub-clause (iii) of clause (b) of section 96A of the Finance Act, 1994 (32 of 1994), the Central Government hereby specifies “the resident public limited company” as class of persons for the purposes of the said clause.

Explanation.- For the purposes of this notification,-

(a) “public limited company” shall have the same meaning as is assigned to “public company” in clause (iv) of sub-section (1) of section 3 of the Companies Act, 1956 (1 of 1956) and shall include a private company that becomes a public company by virtue of section 43A of the said Act;

(b) “resident” shall have the same meaning as is assigned to it in clause (42) of section 2 of the Income-tax Act, 1961 (43 of 1961) in so far as it applies to a company.

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Source: Directorate of Service Tax.