Chargeability of service tax
This query is : Resolved
05 August 2015
I have recently taken service tax no for my business of mobile repairing which i have started few days back. Now is it compulsory for me to charge service tax from the very first invoice. ?? There is no chance that i shall render taxable service of Rs 10 lakh in this financial year.
05 August 2015
till u dont provide service valuing 10 lakhs from such business no need to pay service tax nor charge service tax to clients.
but now u need to file st-3 even if income is less then 10 lkhs since you took registration.
but now u need to file st-3 even if income is less then 10 lkhs since you took registration.
05 August 2015
Ok. Thanks a lot.
05 August 2015
you are welcome pankaj kumar...........
05 August 2015
Dear Mr. Tushar there is different between Income earned and services provided.
And service tax levied on Services Provided not income earned under section 66B of Chapter V of Finance Act 1994.
ANd for main query only taxable services will be counted for the purpose of claiming exemption under notification no 33/2012 dated 20th June 2012. And no ST required to be paid till taxable services exceeds 10 during the year. And if such limit doesn't cross during the year same exemption will be carried for next year also.
Thanks...
And service tax levied on Services Provided not income earned under section 66B of Chapter V of Finance Act 1994.
ANd for main query only taxable services will be counted for the purpose of claiming exemption under notification no 33/2012 dated 20th June 2012. And no ST required to be paid till taxable services exceeds 10 during the year. And if such limit doesn't cross during the year same exemption will be carried for next year also.
Thanks...
05 August 2015
i guess income can earned only by providing service and hence to make him understand in layman language i had used anyways i have changed it as u said.
05 August 2015
Thanks Tushar...
You are also welcome to correct me...
You are also welcome to correct me...
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
- STCG....................................................
- Supply through E-commerce Operators
- Sales return eway bill
- TAN for Partnership
- Relief u/s Section 89
- AMOUNT RECEIVED UNDER COMPULOSRY ACQUISITION OF AGRICULTURAL LAND
- Is E Way Bill Valid If Transport ID Not Mentioned in PART A But Vehicle details mentioned in PART B
- E way bill for tractors
- STCG FOR GOLD ETFs
- Specified Profession
- Section 54F - Exemption on LTCG in 2026 for HP purchased in 2023
- Sales amount in Gstr1
- CG after sale of flat
- E Commerce GSTR1 & 3B how to file
- Nomination of Bank for refund in itr 2
- 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
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
