The Coram of Sri Rajiv Magoo, Member (central Tax) and Sri T. R. Ramnani, Member (State Tax) has held that “the impugned services consist of professional, technical and business services, the same is not covered under Sr. No. 21 (ia) (SAC 9983) and Sr. No. 24 (SAC 9986) of Notification 11/2017 CT(R). Therefore the said professional, technical, and business services by the applicant to Vedanta Limited are clearly covered under the residue Entry No. 21(ii) of Notification 11/2017 CT(R) and attracting a tax rate of 18%”.
Source: taxscan.in
