Applicability of service tax on free services

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

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

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....ce 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 ....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....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 rendered....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

.... 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.....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

.... 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.<br> Discussion Forum - Knowledge Sharing ....