Basic exemption
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
01 December 2014
Dear Experts,
The assessee is filing service tax return on receipt basis. In current year, he received fees outstanding for previous year on which he paid service tax and filed return for the first half year of FY 2014-15.
His total fees received in the previous year was less than 5 lacs. In current year also he has received less than Rs. 1 lac uptil now which was pertaining to services rendered in previous year.
Due to indifferent health, he is providing services only occasionally and may receive some fees which will not be beyond the threshold limit. He has recently given his residential flat on Leave License from which he would be receiving rent of appx 12000 p.m. Is he required to amend his certificate for rental services?
Should he continue to register with Service Tax, can he claim basic exemption in his second half return?
Or he should surrender the registration certificate? If he surrenders, is he required to file service tax return till the time cancellation is done by the Department?
Please guide
The assessee is filing service tax return on receipt basis. In current year, he received fees outstanding for previous year on which he paid service tax and filed return for the first half year of FY 2014-15.
His total fees received in the previous year was less than 5 lacs. In current year also he has received less than Rs. 1 lac uptil now which was pertaining to services rendered in previous year.
Due to indifferent health, he is providing services only occasionally and may receive some fees which will not be beyond the threshold limit. He has recently given his residential flat on Leave License from which he would be receiving rent of appx 12000 p.m. Is he required to amend his certificate for rental services?
Should he continue to register with Service Tax, can he claim basic exemption in his second half return?
Or he should surrender the registration certificate? If he surrenders, is he required to file service tax return till the time cancellation is done by the Department?
Please guide
01 December 2014
If he is sure of his ill health, let the registration be surendered/cancelled.
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
- Off Market debit and credit transaction
- Itr 1 processing
- Showing Gift from relative in ITR for this year
- ITR returnFY25-26
- Share accounting-->fifo - capital gain - period as per fifo?
- INCOME TAX ON REDEVELOPEMENT OF FLAT
- ITR selection for salaries and capital gain less than L
- ITR 2 Short Term gain & Long term gain
- Short Term Capital gain on shares bought and sold after 2018 onwards
- Form 10E u/s 89(1). Need clarification because experts opinions differ !!!!
- Gst invoice numbering and delivery challan numbering
- Sales amount in Gstr1
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
- Annexure B utility for GST Refund
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
