Hiring charges received on Tempo is liable to service tax in India? i fyes then under which category?
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if Any Person have his /her bunsiness giving the tempo on hire is liable Service tax/? Under which cATEGORY IN SERVICE TAX?
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Answer:
Your query is very vogue. If you are receiving hiring charges for the transport of goods on road .ie to say freight charges. then you have to pay Service tax under the category "Goods Transport Agency" depending upon conditions specified notifications say notification no 32/2004,33/2004,34/2004 & 35/2004. You can also avail exemption as per notification 6/2005. However if you are proving your tempo to some other person and collecting certain amount as charges on monthly/ annual basis. No service tax is payable by you. If you need clear answer please elobare your question.
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Other answers
The only category it can be liable to service tax is under banking and other financial services if you fall within the definition of service provider.Click on link below for notified taxable services http://www.allindiantaxes.com/service-tax-taxable-services.php
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