Service Tax
This query is : Resolved
Anil Jacob
(Querist)
29 July 2010
Sir,
I am running a company of HR Recruitment and Education consulting. I have registered for Service Tax eventhough my my service receipt is less than 10 lakh. Do I need to pay service tax? I have recipts of Rs.6 Lakh. almost 4 lakh from HR business and 2 lakh from education consulting. HR business revenues are routed through Bank account but education receipts are cash transactions. Please guide me
Thank You
Anil
I am running a company of HR Recruitment and Education consulting. I have registered for Service Tax eventhough my my service receipt is less than 10 lakh. Do I need to pay service tax? I have recipts of Rs.6 Lakh. almost 4 lakh from HR business and 2 lakh from education consulting. HR business revenues are routed through Bank account but education receipts are cash transactions. Please guide me
Thank You
Anil
Ram Avtar Singh
(Expert)
29 July 2010
after registration you should collect service tax and pay to govt. exemption limit not for all year. its only for starting year. when you cross limit of exemption limit you get registered and pay service tax.
Anil Jacob
(Querist)
29 July 2010
Thank you Ram,
This is first year of my registration and we didnt exceed the limit of 10 lakh. We just registerd it for one client who need the service tax registration number and we have collected 7000 as service. Do I need to pay tax for all other receipts which I didnt collecet service tax?.How much percentage of tax I need to pay and what kind of receipts I can include/exclude?
Thanking you
Anil
This is first year of my registration and we didnt exceed the limit of 10 lakh. We just registerd it for one client who need the service tax registration number and we have collected 7000 as service. Do I need to pay tax for all other receipts which I didnt collecet service tax?.How much percentage of tax I need to pay and what kind of receipts I can include/exclude?
Thanking you
Anil
Ram Avtar Singh
(Expert)
30 July 2010
Please collect servie tax and pay to govt and submit ST3 return Half yearly.
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