Meaning of turnover
This query is : Resolved
22 February 2014
Dear All,
In case legal service provided by advocate or firm of advocate to business entity, business entity have to pay service tax in reverse charge id his turnover in preceding financual yera is above Rs-10 Lac.
My question is what is meaning of turnover in this case.
Plz explain with source.
In case legal service provided by advocate or firm of advocate to business entity, business entity have to pay service tax in reverse charge id his turnover in preceding financual yera is above Rs-10 Lac.
My question is what is meaning of turnover in this case.
Plz explain with source.
22 February 2014
in case of reverse charge mechanism, the service receiver needs to pay service tax even if the turnover is less than Rs 10 lakhs.
with regards to meaning of turnover in case of services, it means "aggregate value of taxable service/services"
with regards to meaning of turnover in case of services, it means "aggregate value of taxable service/services"
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
- Refund Annexure-B
- House Property Reporting in ITR
- TDS Claim year
- Liable to deduct tds and 44ADA
- Nomination of Bank for refund in itr 2
- Section 56(2) of the Income tax Act 1961 , Gift to relative .
- Rent lease agreement
- Refund of 20%pre-deposit paid for stay application
- TDS Challan Code
- CCFS 2026 Schemed
- Internship/Academic shown in Salary Pay Slip of a Doctor
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
- Annexure B utility for GST Refund
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
