Regarding service tax liability on rent of plant & machinery
This query is : Resolved
19 July 2015
Dear all
A pvt. ltd. comp. has given his plant to a individual for production of feeds & received
production charges on the basis of qty produced(i.e Rs. 1250 per ton).
please let me know any service tax liability arises on comp.
& if yes what will be the %(abatement)
Regard
Mukesh
A pvt. ltd. comp. has given his plant to a individual for production of feeds & received
production charges on the basis of qty produced(i.e Rs. 1250 per ton).
please let me know any service tax liability arises on comp.
& if yes what will be the %(abatement)
Regard
Mukesh
19 July 2015
No abatement, service tax payable if total value of services provided during the year exceeds 10 lacs.
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