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Service Tax applicablity on freight - Service TaxExtract A private limited manufacturing firm sends its goods to other Pvt. Limited firm. Freight is paid by first private limited, and the said freight is reimbursed by second private limited firm after deducting TDS under section 194C. (A) who will be liable to pay service tax. (B) will the general exemption of 10 Lakh be allowed, if yes then how. Total Amount deducted by second private limited under section 194C is in FY : 26 Lakh How will exemption of 10 Lakh be allowed, will it be (i) 26*25% = 6.5 Lakh will is less than general exemption of 10 Lakhs, no liablity to pay service tax. Or (ii) 26 Lakh - 10 Lakhs = 16 Lakh .. 16*25%*12.36% .... Pls reply......
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