Exemption limit of service tax
This query is : Resolved
02 May 2012
If any Person Cover under Exemption Limit Of Rs. 10 lacs In service Tax Act. If They will collect the service Tax amount,then he will liable to pay service tax.
03 May 2012
your Q needs to be more clear.
I assume you want to know whether ST is applicable on the receipts exceeding the 10L limit or on the whole of services rendered.
In the FY when you cross the 10L limit (for the 1st time in your business) ST is to be collected only on the services exceeding 10L.
In the subsequent years ST HAS to be collected on all services rendered.
I assume you want to know whether ST is applicable on the receipts exceeding the 10L limit or on the whole of services rendered.
In the FY when you cross the 10L limit (for the 1st time in your business) ST is to be collected only on the services exceeding 10L.
In the subsequent years ST HAS to be collected on all services rendered.
03 May 2012
As I understand your query is whether service tax collected which was not supposed to be collected has to be paid to Government. The answer is Yes as per Service Tax RUles, 1994. IF any servic tax is collected wrongly then it has to be paid to government account because you are not audthorised to withold money which your cannot collect.
But you will not required to pay such amount to Government if your have refunded it to the service receiver from which it is collected.
But you will not required to pay such amount to Government if your have refunded it to the service receiver from which it is collected.
14 February 2013
I agree with Nikhil Jhanwar
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
- Reporting Income under Section 44ADA
- ITR 2 Short Term gain & Long term gain
- Itr 1 processing
- Off Market debit and credit transaction
- Showing Gift from relative in ITR for this year
- INCOME TAX ON REDEVELOPEMENT OF FLAT
- Share accounting-->fifo - capital gain - period as per fifo?
- Short Term Capital gain on shares bought and sold after 2018 onwards
- Form 10E u/s 89(1). Need clarification because experts opinions differ !!!!
- ITR 1: Details for showing Exempt Income
- ITR validation error - Balance sheet is not filled
- 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
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
