Service tax applicability
This query is : Resolved
01 January 2010
What is the procedure If the exemption limit of 10 lac is crossed in the first year and service tax amount is not collected from clients being under the impression that turnover would be less the 10 lacs.
01 January 2010
Apply for service tax registration immediately. you have to pay service tax on the value of service exceeding Rs.10 lakh
01 January 2010
my company is already registered for service tax .. are you saying if i have recd 12 lacs i need to pay service tax on 2 lac in the first and next year onwards need to pay service tax on the whole amount i.e. 12 lac(if 12 next yr also collected)
i havent collected any service tax from the client this year
kindly advise
i havent collected any service tax from the client this year
kindly advise
01 January 2010
Pay this year's tax on calculating cum duty price of Rs.2.00 lac's.along with interest asap. then from next year onwards you have to pay full tax at present 10.30% from Rs.1/=. You will lose your exemption if your last year's turnover crosses rs.10.00 lac slab.You can continue to pay service tax on cum duty if not collected from the customer!!
01 January 2010
Please also do not forget to pay the Interest @13% for delayed payment of S.Tax.
01 January 2010
u have to be registered with in 1 month from the date on which ur turnover exceed Rs 900000.
agree with experts.
agree with experts.
02 January 2010
The limit of exemption is 10 lakh, the firm has to be register with the deptt. with in 30 days
Regards
Regards
02 January 2010
agree
02 January 2010
Agree with CMA Arif.
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 194-T applicability
- Tds on commission charges
- Fixe term employment
- TDS on Complimentary "Desi Ghee and Gold Coin" Provided to KBC Contestants
- GST ITC REVERSE
- TDS on TRUST
- Withdrawal in cash from partners capital account by partner
- Consolidated financials
- Regarding Applicability of Tax Audit u/s 44AB
- Renovation exp. in flat by family member
- Starting trading business
- Need Professional Opinion AY 2012-13 Old Demand
- 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?
- STATUTORY AUDIT OF A SMALL PRIVATE COMPANY INCORPORATED ON 28.03.2025
- 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
Quick Links
ARTICLESHIP
07 September 2026
Article/ Paid Assistant
Murali and Sumeet Chartered Accountant
Bengaluru
CA Foundation
View Details
ARTICLESHIP
21 September 2026
CA Article Assistant
KK & Company Chartered Accountant
Pune
CA Inter
View Details
ARTICLESHIP
18 September 2026
Industrial Trainee
Twenty Point Nine Five Ventures Private Limited
Noida
CA Inter
View Details
ARTICLESHIP
04 September 2026
Accounts Executive
Hema Yashwanth & Associates
Chennai
B.Com
View Details
ARTICLESHIP
07 September 2026
CA Articles
Kothari Jain Patil & Chartered Accountants
Pune
CA Inter
View Details
CCI
Pro
CAclubindia
