TRANSPORTATION OF OFFICE STAFF FROM RESIDENCE TO OFFICE & RETURN ON CONTRACT BASIS WITH COMPANY IS TAXABLE SERVICE IN THE HAND OF SERVICE PROVIDER IF HE IS AN INDIVIDUAL SERVICE PROVIDE BY BUS
LALIT KUMAR GANERIWAL (accountant) (241 Points)
17 April 2012TRANSPORTATION OF OFFICE STAFF FROM RESIDENCE TO OFFICE & RETURN ON CONTRACT BASIS WITH COMPANY IS TAXABLE SERVICE IN THE HAND OF SERVICE PROVIDER IF HE IS AN INDIVIDUAL SERVICE PROVIDE BY BUS
Devendra
(Chartered Accountant)
(4775 Points)
Replied 17 April 2012
The above mentioned service will be taxable under the Service 'Tour Operators Services'. Hence you will have to register with the Service Tax Department and obtain a Service Tax Number if your gross receipts exceed Rs. 9 Lakhs. You can claim an abatement of 60%. hence the effective service tax rate will be 7.41%.
Regards,
Devendra Kulkarni
CA Unnikrishnan Nair N
(Chartered Accountant)
(2083 Points)
Replied 17 April 2012
Taxable under tour operator service. You can claim mabatement of 40%.