Limit of servise tax

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deepak (Querist)
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04 August 2009 a)below 750Rs. manufacturing co. can deduct Servise tax on transportation.if any specific limit in amt.mentation in servise tax rules pls. reply me.
b)rate of interest payble on delay payment of servise tax?
c)in transportation servise privider deduct servise tax than service receiver liability ?
D)if we receive servise below 750Rs. per bill but gross Amt.more than 750Rs. for all biil/day can we are liable service tax on such amt.

Shyam Lal Naik

Shyam Lal Naik (Expert)
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04 August 2009 a) Consignment or all consignment meant for one consignee in the same goods carriage, amounting to Rs. 750.00 or less are exempt.

b) Rate of interest for delay in payment of Service tax = 13% pa

c) How a service provider can deduct service tax ?

d) The limit of Rs. 750.00 has to be applied per consignment(or all consignments for one consignee in a single goods carriage). Total bill etc. is not relevant.

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