Service tax exemption
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
10 August 2013
We are claiming SSI exemption since gross amount of invoice raised in preceding year was below 10 lakhs. now in this year we have so far raised invoices upto 9.50 lakhs and expecting to cross over 10 lakhs but the total amount received is below Rs. 10 lakhs.
My question is
(1) on crossing the invoice above Rs. 10 lakh we have to charge service tax.
but from what point we have to make payment from the day where the invoice cross the limit of Rs. 10 lakhs or when the amount received over rs. 10 lakhs.
since our total gross receipts will not increase Rs. 50 lakhs and we have option to pay on receipt basis. urgently
My question is
(1) on crossing the invoice above Rs. 10 lakh we have to charge service tax.
but from what point we have to make payment from the day where the invoice cross the limit of Rs. 10 lakhs or when the amount received over rs. 10 lakhs.
since our total gross receipts will not increase Rs. 50 lakhs and we have option to pay on receipt basis. urgently
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
- Tax on Amount transferred in HUF Account
- Nursery business
- GST REFUND ISSUE ON PURCHASE OF PLANT AND MACHINERY
- Working on Gold wastage during Melting of old gold jewellery
- TDS on Dashcam rent and allied services
- Condonation Request sec 119(2) b -Enhancement Limit of Leave Exemption prior to AY 2023
- ETDS return q4 25-26
- Section 269ST applicability for capital introduced by partner to his partnership firm
- Intimation under section 245
- Royalty payments to the Mining Department for procurement of murum - GST input
- HOW TO ADJUST CREDIT NOTE AMOUNT ?
- Import Order Cancelled.
- WRONG GSTR7 ENTRIES ACCEPTED ERRONEOUSLY
- 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
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
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
