10 April 2011
our company is doing re lapping and retipping of engineering tools which i suppose fall under maintainence & repairs category. Last years billed amount is 3 lacs In current year total invoiced amount of services is 12,91,000 however payments of only 8,63,000 are actually received. Are we liable to register under service tax as payment received towards taxable services are below 10 lacs?
10 April 2011
Since the aggregate value of taxable services received is less than Rs.9/- lacs, registration is not mandatory. Pl refer notifications 26/2005 amended by 9/2008.