Service tax rate & threshold limit
This query is : Resolved
Baljeet Singh
(Querist)
31 December 2013
Please let me know that whether service tax is applicable on supplying/providing generator sets on rent. if yes at what rate ?
Further please put light on current threshold limit of service tax beyond which service provider is bound to apply S.T on Bills.
Further please put light on current threshold limit of service tax beyond which service provider is bound to apply S.T on Bills.
CA DHEERAJ
(Expert)
31 December 2013
yes, your service is come under service tax
current threshold limit is 10 lakhs, if this is your current year then you have pay tax and charged service tax on bill after crossing threshold limit, but if it your subsequent year then you have must be charged service tax on bill for 1 rs.
current threshold limit is 10 lakhs, if this is your current year then you have pay tax and charged service tax on bill after crossing threshold limit, but if it your subsequent year then you have must be charged service tax on bill for 1 rs.
Nikhil Kaushik
(Expert)
01 January 2014
in addition Dheeraj Bhai's advice, you shall be required to register for service tax when the billing hits Rs 9 lakhs.
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