regarding service tax and incometax
This query is : Resolved
22 October 2010
my company IS small software company i have done project for a american company now i have to get the payment for my project which i have done .it will be around 20 lakhs .
now i need to pay service tax for only 10 lakhs because this is for first time iam doing project .please guide me about the incometax & service tax . what should i do now.
now i need to pay service tax for only 10 lakhs because this is for first time iam doing project .please guide me about the incometax & service tax . what should i do now.
B R Ramesh
(Expert)
23 October 2010
Hi
1. there is basic exemption 10 lakh is till when you crossed above the exemption limit then only the st is appplicable.
2. export of service to the other countries service tax is exempted
3.only when the service is exported & payment received from INDIA then service tax is applicable.
4. ST payable only on received or realised amount not on entiire billed amount.
1. there is basic exemption 10 lakh is till when you crossed above the exemption limit then only the st is appplicable.
2. export of service to the other countries service tax is exempted
3.only when the service is exported & payment received from INDIA then service tax is applicable.
4. ST payable only on received or realised amount not on entiire billed amount.
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
- Accounting treatment of AMC alongwith the purchase of Laptop
- Unable to File TDS Q2 Return – New TRACES Portal Error
- Condonation Request sec 119(2) b -Enhancement Limit of Leave Exemption prior to AY 2023
- Not ordinarily resident having partnership income in India and salary in USA is any form to filed be
- EPF ECR NEW RULES Sep 17th 2026
- Transfer of Physical Stock Between Two Proprietorship Concerns
- GST Treatment of Purchases with GST Paid where Outward Supplies of Manufactured CattleFeed Exempt
- Taxation of crypto futures in India Fy 2026- 2027
- Issuing of delivery challan by seller of goods
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
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
