Please suggest on Service Tax
This query is : Resolved
10 February 2010
At present exemption limit of Service Tax is Rs.10 lakh, my turnover is Rs.8 lakh. Can i charge Service Tax from my clients & is i am liable to deposit that realised service tax into Central Government Account? Please suggest, Thanks.
10 February 2010
U can charge service tax only if you are registered with the authority and have the registration no.
Also, u are required to deposit the realised Tax with the govt.
Also, u are required to deposit the realised Tax with the govt.
10 February 2010
As per service tax rules, your turnover exceeds the minimum exemption limit for registration purpose, so first u need to got regsitered with the authority.
Then now being the first year of your service u need not collect and pay service tax on the services provided upto Rs.10 lac being SSP.
Over the above limit you are liable to collect service tax and deposit the same to the govt. within the time specified therein./
Once u got registered u should mandatorily file STR.
Then now being the first year of your service u need not collect and pay service tax on the services provided upto Rs.10 lac being SSP.
Over the above limit you are liable to collect service tax and deposit the same to the govt. within the time specified therein./
Once u got registered u should mandatorily file STR.
10 February 2010
As per service tax if you cross 9 lakh turnover you need to register for service tax and after cross 10 lakh turnover need to deposite service tax.
10 February 2010
better not to take panga unless it becomes mandatory however you can do so if your input credit is worth
15 February 2010
at present turnover u r not liable to register with deptt. but if u wish , u can registered and charged service tax. once u have charged tax , u have to deposit it to Govt.
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