Rate of Service Tax
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
05 January 2010
I want to know when service Tax levied & when rate of the service tax changes from starting?
CA. B.SRINIVASULU
(Expert)
05 January 2010
Service tax is attracted if the collected service amount exceeds rs.10 Lakhs in a financial year. In the initial year if you are not aware that it will exceed 10 Lakhs then from rs.10,00,001 you have to pay service tax. And next year onwards irrespective of the service exceeds 10 Lakhs or not you have to collect and pay tax from re.1
CA Tilak Raj Sharma
(Expert)
06 January 2010
Yes, above is absolutely correct.
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
- GST on reimbursement of expenses
- Due date for filing return for the partner in partnership subjected to Tax Audit
- Query on effect of registration of property
- Visiting card purchase
- Number of years as per AS amortisation of Goodwill
- Wrong CMPo8 file
- Equity Share Sale and Purchase
- Whether output tax is taken credit by purchaser
- Additional trade name
- Goodwill transfer of deceased father’s firm – ICAI applying a 27.04.2026 cut-off to the 3 year limit
- Foriegn assets disclosure
- Classification of income of P Ltd company as business or profession
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- "Please ensure that the Total of the Deductions u/s 54F match the same in Table D in Sch CG"
- Need to correct "Whether it is last installment " response in Form 26 QB
- " Income from House Property " in joint names of co-owners
- REGARDING TDS RETURN OF FORM 27Q
- Notice under e-Verification Scheme
- GST demand notice for ITC reversal against exempted supply.
- RCM ON SECURITY CHARGES FROM INDIVIDUALS
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
