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Service tax pot v/s receipt basis (Service Tax)

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This query is : Resolved



( Author )
11 May 2013

A small dealer (receipts below 50 lakhs i.e. aroung 10 lakhs) having receipts from Renting from Immovable services has been paying service tax on receipt basis for FY 12-13.
During the year 12-13, he starts another Service namely Business Support and the receipts are billed and received immediately and the individual service t/o exceeded Rs. 50 lakhs.
now, my question is:
1) What should be his status small or large tax payer?
2) Formalities of registration wrt to new service?
3) can he continue to pay tax on receipt basis for Rental income and on Point of Taxation basis for Business support service income?
Hope to seek a reply soon. Thanking you in anticipation.


CA Vikas Acharya

( Expert )
11 May 2013

1. for f.y. 13-14, large tax payer. Because 50 lakhs to be checked for previous year., hence no limit receipt basis in 13-14.
2. amend the old registration, after login and deposit the printout along with declaration.
3. not possible. as mentioned there AGGREGATE VALUE OF TAXABLE SERVICES, hence different treatment not allowed.

Note: if in 11-12 less than 50 lakhs then in 12-13 upto 50 lakhs cash basis after that POT.


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