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Applicability of service tax on free services, Service Tax |
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Applicability of service tax on free services |
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Whether Service Tax is payable on services rendered free of cost after 18/04/2006?.
Posts / Replies Showing Replies 1 to 3 of 3 Records Page: 1
There is no provision in the Service Tax as of now to levy tax on services rendered free of cost. However, changes have been made to levy service tax on the value of consideration received in "kind" besides received in money.
Yes, now service even rendered free of cost is taxable. valuation rules hve been introduced to cover such type of situations
As on date the rule on payment of ST only on receipt continues. However the fact that the valuation rules are in place mean that in time thsi would also be amended. Hopefully they would not do so retrospectively.
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