we are franchisee institute and we are collecting fee from student's, and 30% royalty of the collection we pay to the company. my query is that, are we liable to pay service tax from collection of 1 rs. or after crossing limit of rs. 10 lac
Wasim Ali (B.Com) (4 Points)
19 September 2015we are franchisee institute and we are collecting fee from student's, and 30% royalty of the collection we pay to the company. my query is that, are we liable to pay service tax from collection of 1 rs. or after crossing limit of rs. 10 lac
Madhukar N Hiregange
(Chartered Accountant)
(38934 Points)
Replied 21 September 2015
Maybe liable from Re1 as you couldbe said to be a branded service provider. Small service provider exemption may not be applicable to you.
Anup A Deshpande
(Freelancer)
(77 Points)
Replied 21 September 2015
Mr Madhukar is right, SSP exemption doesnt apply to provider using brandname of other
GST Live Certification Course (39th Batch) - April 2024 (Weekend Batch) (With Certificate)
"Live class on Python for Financial Analysis: Unlocking Efficiency in Accounting and Finance"
CAclubindia
