If person A giving earthmoving machienery to B (plant) against "contract for deployment of manpower along with equipment for plant operation" for 1 years.here person A need to register ST no?also want to know if ST applicale how can he recieve it from B?
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Service tax for providing machineries as hire
Replies (3)
Dear Vijay,
Yes, this service will be liable to service tax under the category of "supply of tangible goods service". [Section 65(105)(zzzzj)]
You have to charge the service tax while issuing the invoice.
i.e. for e.g.,
| Particulars | Amount |
| Service Charges for renting the machinery | xxxxx |
| Add: Service Tax @ 12% | xx |
| Add: Education Cess @ 2% (of service tax) | x |
| Add: Secondary & Higher Education Cess @ 1% (of service tax) | x |
| Total | xxxxx |
Hope your doubt is clarified...
Thanks sir for your valued reply...is i need to pay ST if my overall bill within 10lac annually?
No need to pay if your annual billing is less than 10 lakhs..
Once it crosses 9 lakhs, you need to register under service tax, but start paying tax only after it crosses 10 lakhs..
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