21 November 2012
X company is getting commission income from hiring a motor vehicle to a GTA from a third party. What is the applicability of service tax on this issue? Is there any exemption notification for the above transaction?
21 November 2012
Since after 01-07-2012, all services (Except the Negative list) are taxable. So is this transaction. And as there is no exemption notification on the same. Hence, ST @ 12.36% will be levied on the same.
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