Regarding service tax

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

08 March 2013 i am collecting amount for eb bills and pay in online...in current year total 24lakhs is deposit in my sb account and 23 lakhs is billed in online. what is the charge for service tax and how will minimise it...

CA Ayush Agarwal

CA Ayush Agarwal (Expert)
Follow

08 March 2013 You Mean to say 24-23 = i.e 1 Lacs is Your Net Income and That is Service provided.

You do One Thing.
Make Bills of Your %age Income Only for Every Customer.

Suppose Customer Deposited 1000. and EB Bill was 995. so in This Case 5 rs. is Your Income.
Make Separate Bill for 5 Rs. as Your Service Charges.

Now, No Service Tax is Applicable Since Services Not Exceed Limit of 10 Lacs. rs.

So Avail Exemption by Following What i suggested above.

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Summarize this with AI

ChatGPT Perplexity Claude Google AI Grok

Similar Resolved Queries

Unanswered Queries

Popular
Recent

Trending Online Classes

Direct Tax Laws & International Taxation May 26,Sept 26 & Jan 27

CA Arvind Tuli

Enroll Now
Audit Fast Track Recorded Batch For May 26,Sept 26 & Jan 27

CA Aarti Lahoti

Enroll Now
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English

CA Bhanwar Borana & CA Shubham Keswani

Enroll Now

view all classess

Meet our CAclubindia PRO Members

vinod

sandhya.v

Suneel Shah

NICKOONJ VANANI

CA.K.RAMAKRISHNA. PRABHU

Subscribe Now

Regarding service tax

Similar Resolved Queries

Trending Online Classes

Meet our CAclubindia PRO Members

Quick Links

Browse by Category

Latest Job Openings

Accountant

Article Assistant

GST CONSULTANT

CA Final

GST CONSULTANCY