How service tax works practically

This query is : Resolved

anand kumar (Querist)
Follow

12 May 2013 hiii all,
my query is related to service tax payment. i.e i am getting confused here in payment of service tax on small amt.
i mean to say :-
whether service tax is payable on every small transaction or any amt is fixed for leviable of service tax?
if it is leviable on every transection related to service (taxable services) than what is exemption provision of RS 10 lakhs, i.e. if taxable amt would not exceed RS 10 lakh than it is under exemtion provision.if i provide services of RS 100 than, will i collect 12.36% as a service tax or i will come under exemtion of RS 10 lakh?
plz send me the solution on my mail :- cma.ganand@gmail.com
for clarification if i provide services of RS 100 t

C A S.S.Agarwal, M.Com.,LL.B,

C A S.S.Agarwal, M.Com.,LL.B, (Expert)
Follow

27 June 2013 As regards charging of service tax your turnover should exceed 10L but you cannot restrict others from charging Service tax from you. Once you have crossed the TO of 10L then whatever you have paid as ST can be adjusted against what you have charged. In case you have charged more and paid less then the balance have to be paid by you at the rate as prescribed.

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Join the CA Students WhatsApp Community for ICAI Updates, Trending Courses & Notes!

Similar Resolved Queries

Unanswered Queries

Popular
Recent

Trending Online Classes

Direct Tax Laws & International Taxation May 26,Sept 26 & Jan 27

CA Arvind Tuli

Enroll Now
Audit Fast Track Recorded Batch For May 26,Sept 26 & Jan 27

CA Aarti Lahoti

Enroll Now
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English

CA Bhanwar Borana & CA Shubham Keswani

Enroll Now

view all classess

Meet our CAclubindia PRO Members

RAJ SANKLECHA

CA. Urmila Mahalwal

Amogh Gokhale

DHRUV PATEL

THOMAS JOHN

Subscribe Now

How service tax works practically

Similar Resolved Queries

Trending Online Classes

Meet our CAclubindia PRO Members

Quick Links

Browse by Category

Latest Job Openings

Senior Executive

Manager- Finance and Compliance

GST CONSULTANT

GST CONSULTANCY

Accountant

CA Final

Article Assistant

Associate CA