24 September 2014
we are using the contract vehicles for employee pickup and drop facility. the vendor raising monthly invoices,Is there any service tax implication? how it will work? could you please explain?
24 September 2014
Service tax will be the liability of the vendor, if the turnover of service sales of the vendor exceeds the thresh hold limit (Rs.10 lacs during the year) then he will be liable to service tax and will charge the same in invoice accordingly.