Applicability of service tax on free services

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..... Applicability of service tax on free services
Query (Issue) Started By: - K Balasubramanian Dated:- 30-5-2006 Last Reply Date:- 5-6-2006 Service Tax
Got 3 Replies
Service Tax
Whether Serv .....

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..... ice Tax is payable on services rendered free of cost after 18/04/2006?. Reply By Surender Gupta: The Reply: There is no provision in the Service Tax as of now to levy tax on services rendered free of .....

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..... cost. However, changes have been made to levy service tax on the value of consideration received in "kind" besides received in money. Reply By Paramjit Singh: The Reply: Yes, now service even rendere .....

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..... d free of cost is taxable. valuation rules hve been introduced to cover such type of situations Reply By Madhukar N Hiregange: The Reply: As on date the rule on payment of ST only on receipt continues .....

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..... . 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.
Discussion Forum - Knowledge Sharing .....

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