Sir,
i am providing computer on rent . Service tax applicable on me ? or it is exampted. please clarify. what is the maximum limit for this because in this financail year i will reachout more than 10 lac.
thanks
Manoj
7 Replies
Sumit Grover
(Chartered Accountant )
(3652 Points)
Replied 25 January 2013
In my opinion, it should be taxable since it is an activity carried out by one person to another for consideration...
Natesh Navada
(Chartered Accountant)
(149 Points)
Replied 25 January 2013
Yes, the same is taxable as it is not covered under negative list. You can get an exemption upto first 10 lacs of billing. Later on you need to collect and pay service tax. Natesh
Natesh Navada
(Chartered Accountant)
(149 Points)
Replied 25 January 2013
Yes, the same is taxable as it is not covered under negative list.
You can get an exemption upto first 10 lacs of billing. Later on you need to collect and pay service tax.
Natesh
vipul Aggarwal
(CA)
(60 Points)
Replied 25 January 2013
Renting of computers will be covered under SUPPLY OF TANGIBLE GOODS SERVICES (Notification No. 18/2008-S.T., dated 10.05.2008), hence liable to service tax.
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