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Service tax
Whether service tax is payable on transport expenses payment as per reverse charge mechanism by a pvt ltd. company whose taxable turnover is less than Rs. 10 lax .Kindly advise.
Replies (2)
Dear Mr. Gajendra Rangoonwala,
Basic threshold limit of Rs.10 L shall not be considered while discharging service tax under Reverse charge mechanism i.e. even if a co. having T/O of Rs.0 is required to discharge service tax under Reverse charge for few sevices.
You are liable to discharge service tax on Goods transport agency service under reverse charge.
Hope it meets your requirements.
Agree with Mr. Aravind.
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