Query about taxable value
This query is : Resolved
19 January 2017
hello sir,
if a small service provider whose turnover for previous year is below 10 lac, has exceeded his turnover of rs.10 lac this current year, on which amount the service tax is levied??
is he required to collect service tax on whole amount or
the amount which is above 10 lacs??
thank you.
if a small service provider whose turnover for previous year is below 10 lac, has exceeded his turnover of rs.10 lac this current year, on which amount the service tax is levied??
is he required to collect service tax on whole amount or
the amount which is above 10 lacs??
thank you.
19 January 2017
Levy and collect service tax above 10 lacs for this year.
19 January 2017
thankyou sir, i dont want to waste your valuable time. please confirm the below statement.\
my turnover for previous year is 8,35,000/-
for this year, it is 12,35,200/-.
so, i have to collect service tax on 2,35,200.( i mean i have to apply the service tax rate on 2,35,200/-). is it correct sir??
my turnover for previous year is 8,35,000/-
for this year, it is 12,35,200/-.
so, i have to collect service tax on 2,35,200.( i mean i have to apply the service tax rate on 2,35,200/-). is it correct sir??
19 January 2017
Yes it is right........................
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