https://www.taxtmi.com/forum/issue?id=110098 Payments to independent contractors and freelancers require assessment of whether the transaction constitutes a taxable service (consideration requirement) and whether the supplier is liable to register; supplies without consideration or below the statutory registration threshold do not attract service tax. The firm must nevertheless record such payments properly in its financial statements and obtain professional accounting advice on classification and compliance. en-us Sun, 27 Mar 2016 23:16:05 +0530 Thu, 23 Jan 2025 15:56:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=110098 Payments to independent contractors and freelancers require assessment of whether the transaction constitutes a taxable service (consideration requirement) and whether the supplier is liable to register; supplies without consideration or below the statutory registration threshold do not attract service tax. The firm must nevertheless record such payments properly in its financial statements and obtain professional accounting advice on classification and compliance. Discussion-Forum Service Tax Sun, 27 Mar 2016 23:16:05 +0530 https://www.taxtmi.com/forum/issue?id=110098