Service tax basic exemption limit
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
20 May 2014
Suppose X Ltd. is registered as service provider and service receiver.
Tsupplyhe company pays service tax under reverse charge mechanism for manpower supply. The value of service is Rs. 7,00,000.
The company also rents property and receives rent of Rs. 6,00,000.
Now my question is whether the company can take the benefit of small service provider exemption of Rs. 10,00,000 as the value of rent is Rs. 6,00,000 only
OR
For the purpose of calculation of Rs. 10,00,000 the value of manpower supply is to be taken as the notification only specifies about GTA and is liable to service tax.
Tsupplyhe company pays service tax under reverse charge mechanism for manpower supply. The value of service is Rs. 7,00,000.
The company also rents property and receives rent of Rs. 6,00,000.
Now my question is whether the company can take the benefit of small service provider exemption of Rs. 10,00,000 as the value of rent is Rs. 6,00,000 only
OR
For the purpose of calculation of Rs. 10,00,000 the value of manpower supply is to be taken as the notification only specifies about GTA and is liable to service tax.
20 May 2014
you will be able to get Small service provider benefit as RCM liability is not to be added in the turnover..
21 May 2014
you can get exemption on rental service .
but you can not get exemption from RCM due to this liability for every co. as service receiver.
but you can not get exemption from RCM due to this liability for every co. as service receiver.
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