Dear Sir
Kindly advise me, we are the PVT LTD CO. Centralised Service Tax Filing system under various services.
We are planning to give rental on our cold room to other parties on basis of box/cartons chargeable basis.
1. In what service, service tax can be collected.
2.Is there any limit or ceiling.
3.Service tax should be collected from Vendor on full 14.5%
4.What is service code for SERVICE TAX head (storege for CHICKEN PROUDCTS/FISH PRODUCTS/FROZEN excepts fruits and vegetables.)
Kindly advise me please
Regards
Ramesh
Company Renting Cold Room Storage Must Pay 14.5% Tax Under Storage Services; Threshold Exemption Limit 10 Lakhs A private limited company inquired about service tax implications for renting out cold room storage on a per box/carton basis. They sought advice on the applicable service tax category, any limits, the appropriate tax rate, and the service code for storage of specific products. Responses indicated that the service falls under 'Storage and Warehousing Services' with a threshold exemption limit of 10 lakhs, a full tax rate of 14.5% with no abatement, and the accounting code 00440193. It was also advised to amend the registration certificate accordingly. (AI Summary)
TaxTMI 
TaxTMI 
