service tax return
This query is : Resolved
08 August 2012
Dear Experts,
Any person who has taken benefit of threshold exemption are required to file half yearly return who is registered but still not liable to pay service tax(Receipt not exceeded Rs. 10,00,000/-)
Plz Urgent.
Any person who has taken benefit of threshold exemption are required to file half yearly return who is registered but still not liable to pay service tax(Receipt not exceeded Rs. 10,00,000/-)
Plz Urgent.
08 August 2012
The rule is slightly changed. It is not receipt based but accrual basis for claiming 10 lacs. Whether amount received or not, you have to get the registration and act accordingly including filing of return. Those who have not crossed 10 lacs but registered also have to file nil return.
Message likes :
1 times
08 August 2012
Thanx sir,
Circular No. 97/8/2007-ST, DATED 23-8-2007 says "Persons who are not liable to pay service tax(because of an exemption including Turnover based exemption), are not required to file ST-3 return".
Still you say required to file return and if required then where it should be shown in ST-3 i.e. in which colume.
Thanks in advance.
Circular No. 97/8/2007-ST, DATED 23-8-2007 says "Persons who are not liable to pay service tax(because of an exemption including Turnover based exemption), are not required to file ST-3 return".
Still you say required to file return and if required then where it should be shown in ST-3 i.e. in which colume.
Thanks in advance.
Guest
Guest
(Expert)
08 August 2012
The benefit available to individuals and firms to determine POT on the basis of date of payment for eight specified services is being extended to all services in a slightly modified form. The facility will be now available to individuals and partnership firms (including limited liability partnership) up to a turnover of Rs 50 lakh in a financial year provided the taxable turnover did not exceed this limit in the previous financial year. For computing the above limits, the turnover of the whole entity is required to be summed up and not any single registration.
08 August 2012
Mam i think you are not read my question or talking about another circular.Please read question & circular(return part) carefully and REPLY.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- INTEREST APPLICABLE ON ITC REVERSAL PORTION
- Current Account Opening for Sole Proprietorship with Udyam Certificate - Zero Turnover
- TDS on Purchase of Immovable Property by NRI from NRI
- Capital gain from sale of house property
- Value of property in capital gain
- Multiple trade mark
- Before GSTAT- APL-02 Vs APL-04
- Annual return in Gst
- LC charges in relation to Asset purchased should be Capitalised ?
- Transporter Declaration form
- Opting our of sec 44AD
- GST Treatment of Insurance Commission for Existing GST Holder
- Cash gift by grand mother to her grand daughter
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
- Regarding change in correspondence address in SSP portal
- No Compliences after incorporation
- USEFUL LIFE OF USED/SECOND HAND COMMERCIAL VEHICLES
- Claiming TDS deducted by builder on Hardship compensation and Corpus
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
