Service Tax
This query is : Resolved
08 April 2008
If an individual providing a service to company and not charging service tax. this is ok or not. his annual billing is Rs.1050000 (Ten Lakh Fifty Thousand) in 2007-08. Till what amount is non taxable.
What is threshold limit because i have received 2 ans both of them r right but i dont know the meaning of threshold limit
What is threshold limit because i have received 2 ans both of them r right but i dont know the meaning of threshold limit
08 April 2008
1. He has to bill for service tax once he crosses the non-taxable limit the first time.
08 April 2008
FOR FIN. YEAR 2007-08, THE EXEMPTION LIMIT UNDER SERV. TAX ACT WAS RS EIGHT LAKHS P.A. SO ONE HAS TO REGISTER UNDER SERV. TAX ACT AS SERVICE PROVIDER AND BILL THE SERV. TAX@12.36%OF GROSS BILLING FOR THE TAXABLE SERVICE AND COLLECT AND DEPOSIT THE SAME BESIDES FILING SERV. TAX RETURN ON HALF YEARLY BASIS.
FOR FIN. YEAR 2008-09 , THE BUDGET HAS INCREASED THE EXEMPTION LIMIT FOR SERV. TAX TO RS. TEN LAKHS P.A.
R.V.RAO
FOR FIN. YEAR 2008-09 , THE BUDGET HAS INCREASED THE EXEMPTION LIMIT FOR SERV. TAX TO RS. TEN LAKHS P.A.
R.V.RAO
08 April 2008
THE THRESHOLD LIMIT FOR REGISTRATION UNDER SERV. TAX ACT FOR 2007-2008 WAS RS. SEVEN LAKHS .
FOR THE FIN. YEAR 2008-2009, THE THRESHOLD LIMIT FOR REGN. UNDER SERV. TAX ACT IS RS. NINE LAKHS.
R.V.RAO
FOR THE FIN. YEAR 2008-2009, THE THRESHOLD LIMIT FOR REGN. UNDER SERV. TAX ACT IS RS. NINE LAKHS.
R.V.RAO
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
- TDS CREDIT MISMATCHING
- Buy back of shares u/s69
- Tax Audit Applicability – Newly Formed Partnership Firm with Profit Below 6%/8%
- TODAY INCOME TAX SITE IS NOT WORKING ANY OFFICIAL EXTENSION
- Sec 44ada applicable only or both
- IS AUDIT MANDATORY IF COMMISSION INCOME IS MORE THAN 50 LAKH
- RELATED TO TRIBUNAL APPEAL
- Portuguese Civil Code IT Return
- LIC maturity claim whether taxable
- HOUSING LOAN ISSUE
- CALCULATION OF DEFFERED TAX - OP BL IS DTL & CURRET IT DTA
- LLP audit under companies act
- Experienced CA recommendation from Kolkata for FNO return filing
- Interest Reporting in Form 168
- Sales of goods of amount Rs77 lakhs to a party
- Tax Demand of ₹4,650 for AY 2026-27
- Concept of Vendor and customner reconciliation
- Mistake in e-invoice identified after 24 hours
- EXPORT PAYMENT
- NRI ITR2 account in 2025-26.
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
