Liability of Service Tax
This query is : Resolved
16 December 2010
Dear Sir,
In 2009-10 one has less than 10 lacs turnover he did not get registered with the service tax department.
In 2010-11 he get registered in service tax department when the turnover crossed the exemption limits of 10 Lacs because his total turnover was 50 Lacs.
At the time of making payment of service tax in 2010-11 should he pay the service tax on total turnover or less than first 10 lacs becuase of exemption limits specified by the department.
Thanks & Regards,
Raghav
In 2009-10 one has less than 10 lacs turnover he did not get registered with the service tax department.
In 2010-11 he get registered in service tax department when the turnover crossed the exemption limits of 10 Lacs because his total turnover was 50 Lacs.
At the time of making payment of service tax in 2010-11 should he pay the service tax on total turnover or less than first 10 lacs becuase of exemption limits specified by the department.
Thanks & Regards,
Raghav
16 December 2010
He should pay the service tax on total turnover less first 10 lacs becuase of exemption limits.
22 December 2010
Dear Sir,
In 2010-11 entity paid the service tax as said. I need one more clarification if in 2011-12 the income is less than 10 lacs. IS he liable to pay the service tax for that income or he will again get the benefit of exemption??
Thanks & Regards,
Raghav Jha
In 2010-11 entity paid the service tax as said. I need one more clarification if in 2011-12 the income is less than 10 lacs. IS he liable to pay the service tax for that income or he will again get the benefit of exemption??
Thanks & Regards,
Raghav Jha
23 December 2010
If exemption has been taken in the previous year and turnover exceeds Rs. 10 lakhs in the previous year then next year no exemption.
If in F. Y. 2011 - 12 income less than Rs. 10 lakhs liable for service tax fully.
Then in F. Y. 2012 - 13 he will again get exemption from service tax upto Rs. 10 lakhs
If in F. Y. 2011 - 12 income less than Rs. 10 lakhs liable for service tax fully.
Then in F. Y. 2012 - 13 he will again get exemption from service tax upto Rs. 10 lakhs
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Fixe term employment
- Is any professional CA is here please reply
- Reprocessing of rectification order AY 2025-26
- FTS Taxable under 115A
- Experts need help
- Section 50-fixed asset-->building ceases to exist
- EXPORT BILL UNDER LUT FREIGHT CHARGE INCLUED IN INVOICE IT LIABLE TO TAX
- Tax Audit u/s 44AB for Transport Business A proprietorship is engaged in transportation business and
- Gift Received from nonblood relative
- Putting a heading on received mail
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- STATUTORY AUDIT OF A SMALL PRIVATE COMPANY INCORPORATED ON 28.03.2025
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
- Resigning a auditor from the company for misconduct
- RCM @ 5% on Hamali charges, Transport Charges, Unloading charges we take ITC or not
- CALCULATION OF DEFFERED TAX - OP BL IS DTL & CURRET IT DTA
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
