mamatharaghavendra (Sr.Accountant) (61 Points)
02 December 2015Dear Sir/Madam,
Once a business gets registered under Service Tax, Is that business needs to charge their customer same tax without reaching a turnover of 10Lakh?
And if it is yes, please let me know the service tax rates for outdoor Catering service.
Awaiting for your reply
Thanks&Regards,
Mamatha Raghavendra
Uday Kumar
(Experiencing the IDT)
(34 Points)
Replied 02 December 2015
As per Notification 33/2012-ST dated 20.06.2012, upto gross billings of Rs. 10 lakhs service provider is need not charge service tax, at his own option. But, point to remember is that even aggregate value of taxable services in the preceeding financial year should not exceed Rs.10 lakhs to avail the exemption in the current year.
Further, One can not avail the CENVAT credit of duties or service tax paid on inputs, capital goods and input services.
Sonia kaushik
(Accountant and Tax Executive at Freelancer)
(60 Points)
Replied 02 December 2015
No, No need to charge service tax without reaching a turnover of 10 Lakh.
As per Service tax registration is required when services reach upto 9 Lakh and tax required to pay after reaching minimum threshold limit.
And when you will reach upto 10 Lakh limit then start charging service tax @ 8.7% (Rate w.e.f 15.11.2015) [(14% + .50%)*60%]
Sonia Kaushik
soniakaushik10 @ gmail.com
mamatharaghavendra
(Sr.Accountant)
(61 Points)
Replied 03 December 2015
Thank you Sonia for your reply.Untill not charging service tax is we need to fill service tax return, and if it is yes please give me some information about the same.
Awaiting for your reply!
Regards,
Mamatha Raghavendra
mamatharaghavendra
(Sr.Accountant)
(61 Points)
Replied 03 December 2015
Thank you Mr. Uday Kumar for your reply.
Uday Kumar
(Experiencing the IDT)
(34 Points)
Replied 03 December 2015
Once you are registered,returns need to be filed half-yearly by 25th of subsequent month even though not charging service tax, showing entire gross recepts under the exemption.
Sonia kaushik
(Accountant and Tax Executive at Freelancer)
(60 Points)
Replied 03 December 2015
Agree with @ uday kumar
In service tax onece you registered whether you are providing taxable services or not, whether under exemption limit or not you have to file service tax return on half yearly basis.
In your case by showing gross reciepts under the exemption .
shila indrale
(accountant)
(30 Points)
Replied 14 December 2015
What is the service tax on food service?
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