Service tax leviable???
Aditi A. Jagdale (senior manager accounts) (87 Points)
30 March 2016Aditi A. Jagdale (senior manager accounts) (87 Points)
30 March 2016
Suresh
(Learning)
(155 Points)
Replied 30 March 2016
You can claim basic exemption limit of Rs.10,00,000 if you are liable to pay as a Service Provider. However, If you are liable to pay as a Service Receipent ( under Reverse Charge Mechanism) then there will be no basic exemption limit on such reverse charge.
File Nil ST-3 return for the period Oct-Mar 2016 by showing the actual turnover and claim the threshold limit.
Dayal
(Gen. Manager - Indirect Taxation)
(3434 Points)
Replied 30 March 2016
Landmark Judgments: Important Provisions of the EPF & ESI Act interpreted by the Honorable Supreme Court of India