Service tax
GAJENDRA RANGOONWALA (PROPRIETOR) (57 Points)
29 January 2016GAJENDRA RANGOONWALA (PROPRIETOR) (57 Points)
29 January 2016
CA Aravind Penugonda
(Chartered Accountant)
(311 Points)
Replied 01 February 2016
Dear Mr. Gajendra Rangoonwala,
Basic threshold limit of Rs.10 L shall not be considered while discharging service tax under Reverse charge mechanism i.e. even if a co. having T/O of Rs.0 is required to discharge service tax under Reverse charge for few sevices.
You are liable to discharge service tax on Goods transport agency service under reverse charge.
Hope it meets your requirements.
Ravi Kumar Somani
(Indirect Taxes Specialization)
(3893 Points)
Replied 02 February 2016
Agree with Mr. Aravind.
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