Service Tax

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Gopal Sahani (Querist)
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17 November 2009 Dear Experts,
1.What is the limit of Service Tax when we can come under the category of Service Tax?

2.Is gross receipt comprises with interest on NSC and interest On FD?

Thanking You

Bhaskaran Chackrapani Warrier

Bhaskaran Chackrapani Warrier (Expert)
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17 November 2009 1. In terms of section 69 of the finance act,1994 read with rule 4 of the service tax rules,1994, every person who has provided a taxable service of value exceeding Rs. 9 lakhs in the preceding financial year is required to register with the central excise and service tax office having jurisdiction over the premises or office of such service provider.
2.Interest is not covered for the above purpose.

Gopal Sahani

Gopal Sahani (Querist)
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18 November 2009 Thank You Sir.

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