banner_ad

Service Tax applicability

This query is : Resolved 
Profile Image

Profile Image

(Querist)
03 February 2011 One of my Chartered Accountant friend is in the practice who provides two kinds of the services to the clients: 1. Normal Tax Audit Services and 2. Services of project finance i.e he arranges the finance from various banks to the clients and charges special fess for that. Does this Project Finance services are covered under the purview of the Service Tax.? will these services will have to be included for calculating basic limit of Rs.10 lacs?
Profile Image

Bhaskaran Chackrapani Warrier

Profile Image

Bhaskaran Chackrapani Warrier (Expert)
04 February 2011 1) Fees received for project finance services are liable for service tax by virtue of rescinding the exemption notification 59/98-ST dated October 16,1998.
2) As per section 65(105)(s), the said fee will come under the definition of taxable service and therefore,should be considered for counting the threshold limit of Rs.10/- lakhs.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro
Join CAclubindia WhatsApp Finance Community & stay updated with the latest TAX news, compliance alerts and important updates all in one place!


Similar Resolved Queries


loading


Unanswered Queries


banner

Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Subscribe Now

Follow us
add to google news


Answer Query



Quick Links



Browse by Category




Latest Job Openings

View all
Company
04 June 2026
Semi Qualified CA

Goyal Puneet & Associates

New Delhi

CA Final

View Details
Company
23 May 2026
Article Assistant

Geeta Manchanda & CO.

New Delhi

CA Inter

View Details
Company
16 May 2026
Account & Audit Asst

RAHUL KHANDEBHARAD & ASSOCIATES

Nashik

B.Com

View Details
Company
Featured 26 May 2026
Account Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details
Company
07 June 2026
Tax Associate

Rajkumar Jain & Co.

Ahmedabad

Graduate (Any)

View Details
Company
14 May 2026
Financial Analyst - Remote Finance Expert

HiringBridge

Ahmedabad

CA

View Details
Company
ARTICLESHIP 28 May 2026
Accounts, Audit & Compliance Executive

Shyam Joshi & Associates

Pune

B.Com

View Details
Company
09 June 2026
Accounts Associate

S Madan and CO

New Delhi

Graduate (Any)

View Details