Now Reserve Bank of India and a State Electricity Board (SEB) or its authorized agency would be require to Annual Information return (AIR) under the Service Tax Law.
As per Notification No 04/2016-Service Tax, Any officer of the RBI who is authorized in this behalf is required to file AIR for the transaction details of foreign remittances for the receipt of services declare under specified code in the said notification.
SEB ie required to file AIR for transaction detail of consumption of electricity by the specified manufactures.
As per Notification No 04/2016-Service Tax, Any officer of the RBI who is authorized in this behalf is required to file AIR for the transaction details of foreign remittances for the receipt of services declare under specified code in the said notification.
SEB ie required to file AIR for transaction detail of consumption of electricity by the specified manufactures.
detail notification can read as follows:-
