Exemption of service tax

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

26 November 2015 Dear Sir,

I am working in a trading company.It is situated in delhi. My company is emport Battery from china & distribute in India.My company anual turn over is 100 crore.So i want to know that can we take Exemption of Service tax, because my company is not pay service tax.Please tell me the what nitrification take regarding service tax Exemption.

Thnaks
Regards
Rohit Sharma

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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26 November 2015 Trading company under negative list exempted from service tax.

Querist : Anonymous

Querist : Anonymous (Querist)

26 November 2015 What is negative list. What mean of it,please describe in breifly.

Regards
Rohit

CA RAKESH KUMAR THAKUR

CA RAKESH KUMAR THAKUR (Expert)
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26 November 2015 There is list of services on which service tax is not applicable...is called negative list...and trading of goods is covered on that...so dont worry ..your co. Is not requred to pay service tax.

Querist : Anonymous

Querist : Anonymous (Querist)

26 November 2015 Thank u v mch sir.

Regards
Rohit

Querist : Anonymous

Querist : Anonymous (Querist)

26 November 2015 One More question is. if any transporter have less then 10 vehicle and the tranporter give ther service then will tds is deducted on transporter or not. And in what condition tds not deducted on transporter. please reply me the answer.

Thanks
Rohit

CA RAKESH KUMAR THAKUR

CA RAKESH KUMAR THAKUR (Expert)
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26 November 2015 If tranporter submit PAN. Then no TDS deducted.

CA RAKESH KUMAR THAKUR

CA RAKESH KUMAR THAKUR (Expert)
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26 November 2015 If tranporter submit PAN. Then no TDS deducted.