Service tax exemption
This query is : Resolved
GAJENDRA RANGOONWALA
(Querist)
02 January 2017
A Pvt.Ltd. co is registered under service tax as a service receiver under reverse charge mechanism.Now The co.is receiving rent income of Rs.7,20,000/- per year.Whether co is required to apply for service tax no under service provider and whether basic exemption of Rs. 10 lac is available?
CA R SEETHARAMAN
(Expert)
02 January 2017
Basic exemption of 10 lacs is available to the company no need of registration under service provider.
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