Service tax

pavel (student) (461 Points)

30 December 2013

hello guys, I have a doubt, one of my client give JCB on rent..

is he is liable for tax...he earns more than rs.20,000 a day and annualy he earns more than a crore,

he owns more than one JCB and put it on rent..

is he liable for service tax.

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2 Replies

Sivaguru SM (Tax Consultant) (235 Points)
Replied 30 December 2013

In your case service tax is liable as supply of tangible goods(supply of goods for use)

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Manoj Agarwal (Service Tax Consultant Rourkela ServiceTaxExpert@yahoo.com) (3456 Points)
Replied 30 December 2013

Yes, you client is liable for service tax under the head 'supply of tangible goods' @ 12.36%

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