Name of Service

Service Provider

Service Receiver who deposits service tax

Insurance Agent Service

Insurance Agent

(Insurance Company)

Any person carrying on Insurance business

 

Recovery Agent Service

Recovery

Agent

Banking

co./Financial

inst./NBFC

Mutual Fund Agent Service

(AMENDMENT

From 1.4.15)

Mutual Fund Agent/Distributor Service

Mutual fund/ Asset management company

 

Lottery ticket Selling service

(AMENDMENT

From 1.4.15)

 

Lottery agent

Lottery Distributor

Or

Selling AGENT

Director Service

Director

Body corporate

Service provided from non taxable territory

(Import and Services from J&k to outside J&k)

Foreign Party

Or

Service Provider in J&K

Any person in taxable territory

(Any person within INDIA)

Legal Service

Individual Advocate

Or

Firm of Advocate

Or

Arbitrary tribunal

Any business entity

Having turnover

>10 lacs in last financial year

Goods transport agency’s services:

Transport Company

Factory

(registered under or governed by the Factories Act, 1948.)

Society

 

Cooperative Society

 

Dealer Registered under Excise(First Stage dealer/Second Stage Dealer)

 

Body Corporate

 

Partnership firm (whether registered or not)

 

(There is 70% abatement also)

Manpower Service

(Security guard/labor/placement agency)

Individual

HUF

Partnership firm

AOP

Body Corporate

Aggregator Service

Effective from 01.03.2015)

Cab operator

Aggregator Company

(Like Uber)

Renting of Motor Vehicle

Individual

HUF

Partnership firm

AOP

Body Corporate

(There is 60% Abatement also)

Sponsorship Service

Any person

Body Corporate

Or

Partnership firm

Support of Services

Except

Certain services covered in negative list like

·         services by the Department of Posts by way of speed post, express parcel post, life insurance and agency services

 

·         services in relation to an aircraft or a vessel, inside or outside the precincts of a port or an airport

 

·         transport of goods or passengers

(AMENDMENT

Date to be Notified)

Government

Or

Local Authority

Any business entity

Lottery Ticket

Lottery Agent

Lottery distributor

 

Exam Questions

Question 5

Vakil & Vakil, a firm of lawyers rendered legal advice to Mr. B, an architect, and MNO Ltd., an
advertising agency during October, 20XX. Both Mr. B and MNO Ltd. are not entitled for small
service providers’ exemption in the said financial year. Who is liable to pay service tax in this
case? Will your answer be different if Mr. B and MNO Ltd. sought legal advice from Mr. A, a
lawyer?

View Answer

Question 6

Answer the following questions:

(ii) PQR Ltd., a manufacturing company, hires a cab from Mr. M, who is engaged in the
business of renting of motor cabs. Value of services provided by Mr. M is ` 2,500 and
service tax payable thereon is ` 140. Who is liable to pay service tax in this case?
Note: PQR Ltd and Mr. M are located in New Delhi and wherever applicable, service tax
is charged separately.

View Answer
  1. Indirect Tax
  2. Amendments Indirect Tax for 2016 2017 Exams
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CA Maninder Singh
CA Maninder Singh is a Chartered Accountant for the past 8 years. He provides GST Training in Delhi. Register now.