Matter for Opinion on Service Tax –
Facts –
We are a Private Limited Company. The registered office & site office are at different places. We are constructing a IT park which is expected to be completed in 2 years. We are paying Professional/Technical services charges on which Service Tax is charged. We are also paying transport charges.
Query –
1. For how much time service tax on input services can be accumulated.
2. On completion of project we will be liable to charge service tax on offices Leased out. Whether we can set off accumulated service tax on input services paid now.
3. Whether we are liable to pay service tax on transport charges we pay to goods transport agency.
4. Whether we are liable to pay service tax if we pay transport charges to a lorry owner. What are the exemptions and what are the rate.
CAclubindia
