Liabilities

This query is : Resolved

Mehul Kumar (Querist)
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24 April 2012 Dear Sir,
I own a Proprietorship Concern registered under Service Tax engaged in Consultancy work. While in FY 2008-09 & 2009-10 I was eligible to pay Service Tax & also paid it, during the FY 2010- 11, I did not do much of consultancy work. For whatever Consultancy Services I provided (INR 180000 approx), I paid the proper Service Tax. But I provided some Services as a Real Estate Agent in my individual name (not credited to my Propitiatory Firm Bank Account)which was way below the limit of INR 10 Lacs (only 3.30 Lacs). Now, my query is; whether I had to pay Service Tax on this amount also or not ? If yes, was it to be paid under the Service Tax Registration of my Proprietorship Firm or should I have registered myself individually ?
Thanks in anticipation.....

CS.Shambhu Nath Dhuria

CS.Shambhu Nath Dhuria (Expert)
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25 April 2012 Yes, you have to pay service tax on this amount.

you do not need to apply for new registration in your individual name. It should be paid under the ST registration of your proprietory firm.

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

C A S.S.Agarwal, M.Com.,LL.B, (Expert)
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02 May 2012 Since your turnover in last 2 years was above ST exemption limit then how come you know before hand that your Turnover will be lower than the last year and accordingly you must have collected the Service Tax. The ST collected by you have to be paid. Finally your turnover might be lower than the exemption limit. It does not matter you cannot hold the ST or you cannot show the ST as your money. So better you deposit it to the credit of the Central Government.

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