Transport Business
This query is : Resolved
23 April 2009
An Individual in the business of providing Cab Facility to companies and has Annual income less than 8 lakhs. Will he be liable to any other taxes other than Income Tax? And should he be coming under Service Tax or under VAT?
It will be great if I get a quick reply to this. Thank you for your support.
It will be great if I get a quick reply to this. Thank you for your support.
23 April 2009
Rental income of plant & machinery will be covered under vat. As in your case CAB if plant & machinery of the operator of the business. It is better if you check that in the VAT act for further classification.
For service tax as your total receipts is less than 12L (basic exemption of service tax). So in your case you will not be covered under service tax.
For service tax as your total receipts is less than 12L (basic exemption of service tax). So in your case you will not be covered under service tax.
24 April 2009
Thank you very much for this quick clarification. It helps a lot
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Treatment of Pension ?annuity returns on PMVY
- TAN for Partnership
- Soyabean hsn code and gst rate
- ITR filing- non tax audit cases- Asstt.Year 2026-2027
- CA IPCC Registeration in 2012, Is my registration Active or Expired
- Free lancer income
- AY 26-27 ITR-4 FILING U/S 44-ADA
- Plot of land. Cost of Acquisition
- TDS related Query_Liquidated Damages
- What is provisional receipt number for generation of form 16A
- Showing Gift from relative in ITR for this year
- Gst invoice numbering and delivery challan numbering
- Standard Deduction claim for EPFO Pension and ICICI Prudential Life Annuity
- Small dealers gst returns filing
- Sales amount in Gstr1
- CG after sale of flat
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
