TAXABILITY OF SERVICES PROVIDED BY AN OFFICE ORGANIZATION
Services provided by an office organization can be classified into two categories: taxable and non-taxable services.
Taxable services include services like accounting, auditing, legal, and consultancy services.
Non-taxable services include services like housekeeping, security, and maintenance services.
Service tax is levied on taxable services at a rate of 15%.
Office organizations are required to register for service tax if their annual turnover exceeds Rs. 10 lakhs.
Service tax returns must be filed twice a year, and failure to do so can result in penalties.
It is important for office organizations to understand the tax implications of the services they provide to avoid any legal issues.
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