service tax

Querist : Anonymous (Querist) 03 June 2010 This query is : Resolved
Gd mrg sirs/madams..my client is travel agent he tooks car Per km basis from individual owners and forward after addition some profit to one Ltd co. per km basis.Ltd co tax deducted as contractual payment @ 2 % on full payment Rs.12 lacs.
Q1.Audit U/s 44AB required.
Q2.Service tax Liability arise.

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soumitra basu (Expert) 03 June 2010
No audit is required since if the bill value is below 40.00 (Presently 60.00) lacs.
If the car is not a tourist vehicle having tourist permit,then in that case no service tax is payable.

Jagmohan Rawat (Expert) 04 June 2010
Tax audit will not be required as gross turnover of your client did not exceed Rs. 40 lac. Further in case of carriage of goods by road through goods carriage service tax is payable by the person receiving the service hence your client is not liable to pay service.

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