Service Tax on Renting of Vehicles

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  1. Muthukrishnan

    Muthukrishnan New Member

    Dear Sir,

    My query was I am an accountant . In my company Managing director Car Skoda is used for business purpose. And I have entered expenses in my company account for a sum of Rs.90,000. And I have entered Income side of Managing directors individual account for that amount. Now i want to know that amount is in service tax deduction and what is the service tax limit for Vehicle Lease rent receipt as per Service tax rules and act.
  2. Dear Sir,

    the limit for service tax is Rs. 9,00,000/-
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