Limit of Rs 10 lakhs on pay. of Ser tax for Hotel ind.
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
20 July 2011
This is in regard Service Tax for Hotel industry .I want to know whether Service Tax is to be collected & paid on crossing the amount of Rs.10 Lakhs ?
What is the Tax liability status for the amt. before Rs. 10 Lakhs ? Is Service tax to be paid for that amt. also? Kindly advice.
Thanks...
What is the Tax liability status for the amt. before Rs. 10 Lakhs ? Is Service tax to be paid for that amt. also? Kindly advice.
Thanks...
20 July 2011
Registration is required if turnover exceeds Rs 9 lakhs per annum.
if total value of services provided (including exempt and non-taxable services) is less than Rs 10 lakhs in previous year are not required to pay service tax in current financial year till they reach turnover of Rs 10 lakhs.
if total value of services provided (including exempt and non-taxable services) is less than Rs 10 lakhs in previous year are not required to pay service tax in current financial year till they reach turnover of Rs 10 lakhs.
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