Payment of service tax
This query is : Resolved
04 December 2013
Sir,
My client's aggregate value of taxable service exceeds Rs.9,00,000 and he get registered in the aces.
My query is that, the service tax is to be paid on the amount which is inclusive of that Rs.9,00,000 or amt levied after the service tax registration.
Pls tell me
My client's aggregate value of taxable service exceeds Rs.9,00,000 and he get registered in the aces.
My query is that, the service tax is to be paid on the amount which is inclusive of that Rs.9,00,000 or amt levied after the service tax registration.
Pls tell me
CA.Krupa Mochi
(Expert)
04 December 2013
If in the previous financial year the aggregate value of taxable services provided by you was less than Rs.10 lakh and in the present financial year the aggregate value of taxable services provided by you is also less than Rs.10 lakh. Then no need to pay service tax .
CA Sumit N. gupta
(Expert)
04 December 2013
Dear Madam
There is exemption of 10 lacks to small service provider. Every Service provider can avail this exemption if in the previous year total value of service provided is less than 10 lacks. In your case in my opinion Service tax shall be paid exclusive of 9 lacks in addition you can further issue 1 lacks invoice without service tax.
There is exemption of 10 lacks to small service provider. Every Service provider can avail this exemption if in the previous year total value of service provided is less than 10 lacks. In your case in my opinion Service tax shall be paid exclusive of 9 lacks in addition you can further issue 1 lacks invoice without service tax.
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