18 September 2013
Dear Friends,
I am doing business of travelling and have turnover of Rs. 1400000/-. Expenses for Diesel is Rs. 600000/-. what will be limit to registered under act whether it is 1400000/- or 800000/- ? Direct Expenses are considered to determine value taxable service?
plz help its urgent
Thanks to all
22 September 2013
value of service normally is the charges billed or billable by the service provider. As per your query the amount of taxable service provided by you is 14,00,000/-. You should have registered yourself and should have paid the service tax. Anyway, it is not late, please rectify your mistake now.
disclaimer- all answers are given as per the facts narrated by you. Answer may differ after study of full facts/statements/agreements etc. involved in the case
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