31 December 2012
One of client is doing business of Renting cars to govt employees as well as he is having some other cars which he rent on routine basis whenever required by someone for touring and all... so can you please provide me exact head of services under which he will fall... also let me know its partnership firm so what will be requirements to get registration????
31 December 2012
Under the negative list no classification needed. Upto Rs. 10 Lakhs of taxable services in pr yr would entitle the service provider to claim Rs. 10 lakhs of exemption. After that he would\ need to pay the ST. Since client is a partnership firm the receiver of the service would have to discharge the ST under joint charge as long as he is a business entity and body corporate.
CAclubindia
