30 June 2015
Sir
I m in commercial coaching
my annual income or total fee collected from 1st April 2014 upto 31st March 2015 is 14,00,000/-
plz calculate my payable ST
and also plz tell me the calculation formula.
Thanks
HrishiUsha
30 June 2015
What about the services in fy-2013-14
Incase your services for the fy-2013-14 is exceeds Rs. 10 lakhs and current year you need to pay the service tax on Rs.14 lakhs so Rs.14 lakhs x 12.36%
Incase your services for the year 2013-14 is less than Rs.10 Lakh or no services then you can take basic exemption of Rs.10 lakhs for fy-14-15 and pay the service tax on (14 lakhs less 10 Lakhs) Rs.4 lakhs x 12.36%
CAclubindia
