Exemption vide notification no-06/2005
This query is : Resolved
24 May 2012
Dear Sir,
We have started providing works contract services from FY 2011-12 but our taxable value of service does not exceeding Rs 10 lakh during the FY 2011-12.Now We get registered since May-2012 in the Service Tax department so please help me about the following question:
a) That if we provide total taxable value of works contract service during the FY 2012-13 amounting to Rs 15 Lakh, can we avail a exemption of Rs 10 lakh vide notification no 06/2005 and paid service tax on Rs 5 Lakh only.And what be the situation if we collect service tax from customer on Rs 15 lakh.
b)If our taxable value of service does not exceed Rs 10 Lakh upto 30th Sep, 2012 then is it mandatory for us to file half yearly ST-3 return for the period Apr-Sep 2012.
We have started providing works contract services from FY 2011-12 but our taxable value of service does not exceeding Rs 10 lakh during the FY 2011-12.Now We get registered since May-2012 in the Service Tax department so please help me about the following question:
a) That if we provide total taxable value of works contract service during the FY 2012-13 amounting to Rs 15 Lakh, can we avail a exemption of Rs 10 lakh vide notification no 06/2005 and paid service tax on Rs 5 Lakh only.And what be the situation if we collect service tax from customer on Rs 15 lakh.
b)If our taxable value of service does not exceed Rs 10 Lakh upto 30th Sep, 2012 then is it mandatory for us to file half yearly ST-3 return for the period Apr-Sep 2012.
24 May 2012
a) Can avil threshold limit in FY 2012-13 meaning thereby ST need to be paid only on Rs. 5 lakhs. If ST is collected on Rs. 15 lakhs, collected amount has to be paid to govt which means notification 6/2005 can't be applied therein.
b) ST-3 has to be filed for April to Sept,2012 though service receipts is below the threshold limit.
b) ST-3 has to be filed for April to Sept,2012 though service receipts is below the threshold limit.
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24 May 2012
Thanks for your valuable reply sir. please answer one more question that,
If we want to avail exemption of Rs 10 lakh vide notification no- 06/2005 then is it necessary for us to charged service tax from cutomer only on amount exceeding Rs 10 Lakh and when taxable value of services exceeds Rs 10 Lakh.
If we want to avail exemption of Rs 10 lakh vide notification no- 06/2005 then is it necessary for us to charged service tax from cutomer only on amount exceeding Rs 10 Lakh and when taxable value of services exceeds Rs 10 Lakh.
25 May 2012
Tax should not be collected up to Rs. 10 lakhs to avail benefit of notification 6/2005.
25 May 2012
Thank you very much for you reply sir.
25 May 2012
Thank you very much for you reply sir.
28 May 2012
is there any abatement of 67% is available in respect of works contract service and if yes then under which notification
28 May 2012
Pl refer notification no. 1/2006 dated 1/3/2006.
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