service tax applicability.
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
30 July 2010
We are a Pvt ltd co in IT field. Till now we were 100 % EOU & not needed any service tax registration.
As we have just now forayed into the domestic market, we got ourselves registered under Service Tax.
From next month our first billing will start. Now, we don't know whether in the first FY of our domestic operations will exceed Rs. 10 Lac.
Whether we should levy service tax from first bill itself or we should wait for the turnover to cross 10 Lac ?
As we have just now forayed into the domestic market, we got ourselves registered under Service Tax.
From next month our first billing will start. Now, we don't know whether in the first FY of our domestic operations will exceed Rs. 10 Lac.
Whether we should levy service tax from first bill itself or we should wait for the turnover to cross 10 Lac ?
mohinder kansal
(Expert)
30 July 2010
SERVICE TAX LIABILITY WILL BE LEVIED AFTER THRESHOLD LIMIT OF RS. 10 LACS IS EXCEEDED. NO SERVICE TAX IS PAYABLE UPTO TAXABLE TURNOVER OF RS. 10 LACS.
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
- Depreciation Chart Companies Act
- GST Audit whether Govt Companies are exempt?
- PTRC Show Cause Notice on Email
- Unable to File TDS Q2 Return – New TRACES Portal Error
- Capital Gail Exemption Certificate
- Taxation of crypto futures in India Fy 2026- 2027
- Transfer of Physical Stock Between Two Proprietorship Concerns
- MSME disclosure and disallowance
- 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
- Accounting treatment of AMC alongwith the purchase of Laptop
- GST Treatment of Purchases with GST Paid where Outward Supplies of Manufactured CattleFeed Exempt
- 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
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
