Service tax

Querist : Anonymous (Querist) 21 November 2011 This query is : Resolved
Sir,
An individual owns some tippers and which he uses for transporting his own business of sand and metals.
He claims tipper rentals paid as his business expenses and also this tipper income is separately accounted in separate books of account and claim expenses on tipper.
Is he liable to service tax on tipper rentals shown as income in the books of tipper rental business.
Or he liable to service tax on the amount of tipper rentals having been claimed as business expenditure.
If so plese inform the rate, date applicable, method of service tax computation etc..

Follow Query

Report Abuse