How to pay service tax
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
02 November 2011
DEAR EXPERTS,
I AM YATEENDRA AMARNATH PROPRIETOR OF SREEMAAN ASSOCIATES RECOVERY AGENCY
1 . LAST YEAR MY ANNUAL INCOME 9.28 LACKS 2010-2011 NOT PAID SERVICE TAX BECAUSE 10LAKS BELOW.
2 . 2011-2012 ANNUAL INCOME 18 LACKS (APPROX)HOW TO PAY SERVICE TAX.
3. ONE DOUBT ANNUAL INCOME 18 LACKS SERVICE TAX PAID 18 LACKS OR 10 LACKS ABOVE 8 LACKS PAY SERVICE TAX
PLS CLEAR THE DOUBTS
THANKS & REGARD
AMARNATH
DEAR EXPERTS,
I AM YATEENDRA AMARNATH PROPRIETOR OF SREEMAAN ASSOCIATES RECOVERY AGENCY
1 . LAST YEAR MY ANNUAL INCOME 9.28 LACKS 2010-2011 NOT PAID SERVICE TAX BECAUSE 10LAKS BELOW.
2 . 2011-2012 ANNUAL INCOME 18 LACKS (APPROX)HOW TO PAY SERVICE TAX.
3. ONE DOUBT ANNUAL INCOME 18 LACKS SERVICE TAX PAID 18 LACKS OR 10 LACKS ABOVE 8 LACKS PAY SERVICE TAX
PLS CLEAR THE DOUBTS
THANKS & REGARD
AMARNATH
CA. Deepak Narula
(Expert)
02 November 2011
once ur gross receipts exceed 10 lakh or expected to exceed 10 lakh u have to pay service tax on full amount. in ur case, u r expecting it to exceed 18 lakh so u will have to pay ST on 18 lakh and not only on 10 lakh.
02 November 2011
1. Year 2010-11 no need to pay ,if not collected, since below threshold limit.
2. Year 2011-12 if tax is not collected on 18 lakhs, then pay tax in excess of Rs. 10 lakhs only.
Please see notification 6/2005 and 8/2008 respectively.
2. Year 2011-12 if tax is not collected on 18 lakhs, then pay tax in excess of Rs. 10 lakhs only.
Please see notification 6/2005 and 8/2008 respectively.
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