Can any one plz guide me, if the professor of reputed coaching classes get Rs 18lacs as professional fees on contract basis also TDS being deducted under sec 194J then is he liable to pay & collect service tax & under which category of service is he liable to get register 7 pay to government??????????
14 August 2011
As professional service is taxable service in s.t. As his professional receipt exceed rs 10 lakh above amount rs 8 lakh Eligible to collect s.t.and same paid to treasury but for this registration with service tax department is necessary . If not collect seperately then calculate s.t. As 8 Lakh /110.3 x 10.3 and paid to gov. And his professional receipt exceed 15 lakh so his liable to tax audit u/s 44 ab
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