126
This query is : Resolved
shailendra kumar
(Querist)
15 October 2009
can u pls tell after taking service tax reg. no service tax will be paid from begining or after 10 lac whihc is service tax limit
CA Vanesh Nadar
(Expert)
15 October 2009
Hi Dear
The Service Tax Registration is manditory when the assessee total receipt crosses 9 lacs and Taxes will be paid on the amount above 10 Lacs i.e. taxes will be paid only for excess receipt above rs. 10 lacs.
e.g. 12 Lacs Receipts
When Receipt is Rs. 9 Lacs ( Registration becomes manditory)
When Rs. Receipt is Rs. 10 Lacs (Payment of Taxes becomes Manditory)
When the receipts crosses Rs. 10 Lacs the taxes will be paid the taxes will be paid on Rs. 2 Lacs @ 10.30%
I HOPE YOUR QUARY HAS BEEN RESOLVED.
WISH YOU & YOUR FAMILY HAPPY AND PROSPARUS DIWALI.
The Service Tax Registration is manditory when the assessee total receipt crosses 9 lacs and Taxes will be paid on the amount above 10 Lacs i.e. taxes will be paid only for excess receipt above rs. 10 lacs.
e.g. 12 Lacs Receipts
When Receipt is Rs. 9 Lacs ( Registration becomes manditory)
When Rs. Receipt is Rs. 10 Lacs (Payment of Taxes becomes Manditory)
When the receipts crosses Rs. 10 Lacs the taxes will be paid the taxes will be paid on Rs. 2 Lacs @ 10.30%
I HOPE YOUR QUARY HAS BEEN RESOLVED.
WISH YOU & YOUR FAMILY HAPPY AND PROSPARUS DIWALI.
15 October 2009
In short Tasx will be payable on amount over 10 Lacs
CA Suresh Choudhary
(Expert)
16 October 2009
Service tax will be laible on the total amount.
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