Poonawalla fincorps
Poonawalla fincorps

Applicability of incidental services

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Querist : Anonymous

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Querist : Anonymous (Querist)
28 March 2015 If my main business does not generate any revenue but my other income (leasing of vehicles & providing labour) generates revenue above Rs.10 Lacs, whether I am liable for Service Tax? Please reply as soon as possible. Thanks...
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CMA Ramesh Krishnan

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CMA Ramesh Krishnan (Expert)
28 March 2015 Yes. you have to charge service tax, since the basic exemption based on the aggregate value of taxable services exceeds Rs.10 lakhs.

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