11 August 2008
According to Sec 66A of Finance Act 1994, any recipient of service who has a permanent establishment in India is liable to remit service Tax, on value of services availed by him from a person who has a permanent establishment/Place of Business/Place of Residence outside India... I would like to know if the value of such services does not exceed basic exemption limit, in the hands of recipient (i.e. Rs 10 Lacs in last Tax Year), along with all other services rendered/imported by him, will he be still liable to pay such Service Tax??? Please reply experts its a little urgent...
CAclubindia
