How to calculate period
This query is : Resolved
12 May 2012
an assessee has registered under service tax for Restaurant services from Jan 2012.i.e. date of issue of certificate (registration)IS 02.01.2012.
then from which period he will have to pay service tax, i.e. from apr 11 or from date of issue of certificate.he is providing restaurant services from apr 2011.
then from which period he will have to pay service tax, i.e. from apr 11 or from date of issue of certificate.he is providing restaurant services from apr 2011.
12 May 2012
Assessee is liable to service tax when his gross receipts exceed Rs. 10 lakhs.
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13 May 2012
as this service has abatment of 70%,whether he will have to wait till the t/o reaches Rs.10 lakhs or it will start from Re.1
13 May 2012
as this service has abatment of 70%,whether he will have to wait till the t/o reaches Rs.10 lakhs or it will start from Re.1
14 May 2012
Abatement is applicable only when service tax is applicable.
And service tax is applicable only when the aggregate amount of billing crosses Rs. 10 lakhs.
Accordingly, there will be no service tax upto billing of Rs. 10 lakhs in this case.
After that service tax shall be applicable and benefit of abatement will also be available.
And service tax is applicable only when the aggregate amount of billing crosses Rs. 10 lakhs.
Accordingly, there will be no service tax upto billing of Rs. 10 lakhs in this case.
After that service tax shall be applicable and benefit of abatement will also be available.
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