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Applicability

This query is : Resolved 

18 January 2008 We are a public charitable organisation and hold courses for healings.

We have recently applied for ST Registration. If registration grnated what would be the period (Monthly or Quarterly) to deposit the ST?

If we do not cross the 8 lakhs limit by 31/03/08. What should we do?

What about next financial year? what will be the limit?

Are we required to file NIL return?

Thanks

18 January 2008 a

18 January 2008 I SEE THAT YOU ARE CLUBBING SERVICE TAX AND TDS.BOTH ARE DIFFERENT STATUTORY OBLIGATIONS.
YOU REGISTER UNDER SERVICE TAX ONLY WHEN YOUR THRESHOLD LIMIT OF VALUE OF TAXABLE SERVICES REACH RS. SEVEN LAKHS.
YOUR LIABILITY TO PAY SERV. TAX ARISES WHEN YOUR TAXABLE VALUE OF SERVICES REACH RS.EIGHT LAKHS PER ANNUM.
PL. VISIT WEBSITE www.servicetax.gov.in
for more details.
DEPOSIT OF SERVICE TAX COLLECTED IS TO BE MADE BY 5 TH OF THE FOLLOWING MONTH.
TDS RETURN MAY BE FILED ONLY WHEN THERE IS TDS DEDUCTION.NIL RETURN FILING IS NOT ENVISAGED.
R.V.RAO


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