Repairing charges received is attract to service tax, if yes what is the basic limit.
jogendra
(DGM-Commercial)
(331 Points)
Replied 03 March 2012
repair & maintenance of machine & machinery & equipment under a contract/agreement is liable to tax under "management, maintenance or repire services" - Section 65 (105)(zzg) of Finance Act, 1994. the threshold exemption limit is Rs.10/- lacs under Notification No.06/2005-ST dtd.01.03.2005.
LIVE Course on Foreign Exchange Management Act (FEMA)(with recording)
CAclubindia
