Service tax liability limit
This query is : Resolved
Rana Hitesh
(Querist)
07 February 2015
Kindly Give me Guideline about Service Tax Liability Limit.
RENGARAJ R.K
(Expert)
07 February 2015
It is Rs.10,00,000.00 as threshold limit. The rate of service tax is 12.36%. There are exemptions available for certain services under negative list. There are certain services for which service tax liability is under reverse charge mechanism.
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