Rent for storage of premises
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
26 December 2011
what is limit on which service tax is not applicable?
what is the current rate of service tax?
if s.t. is beared by liscensee, can this claim as deduction under PGBP?
what is the current rate of service tax?
if s.t. is beared by liscensee, can this claim as deduction under PGBP?
26 December 2011
The thresold limit is 10Lacs. The rate of service tax is @10% which will be increased with Education and Secondary and higher secondary education cess @2% and @1% respectively.. Effective rate would be 10.3%.
If licensee does not take the benefit of cenvat of input service tax then that can be claimed as deduction under PGBP..
If licensee does not take the benefit of cenvat of input service tax then that can be claimed as deduction under PGBP..
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