Service tax liability
This query is : Resolved
Sreejesh V K
(Querist)
26 April 2012
Hi Sir/Madam
We had a turn over between 9-10 Lakhs during the F.Y 2010-11. Further we applied for ST Registration, and no Service Tax collected since we didn't crossed the limit of 10 Lakhs. During the F.Y 2011-12 we again have turn over below 10 Lakhs (but above 9 lakhs). We have any ST liability?? Awaiting favourably..
We had a turn over between 9-10 Lakhs during the F.Y 2010-11. Further we applied for ST Registration, and no Service Tax collected since we didn't crossed the limit of 10 Lakhs. During the F.Y 2011-12 we again have turn over below 10 Lakhs (but above 9 lakhs). We have any ST liability?? Awaiting favourably..
Dintakurthi Tirumala
(Expert)
26 April 2012
No need of service tax liability still the turnover exceeds Rs.10 lacs for the first time. However wait for some other experts decision.
OM SAI SRI SAI JAI JAI SAI
OM SAI SRI SAI JAI JAI SAI
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26 April 2012
i) No service tax liability in FY year 2010-11 since the turn over is below Rs.10/- lakhs.
ii) No service tax liability in FY 2011-12 since aggregate value of taxable services rendered didn't exceed the threshold limit in FY 2011-12 and in preceding financial year.
ii) No service tax liability in FY 2011-12 since aggregate value of taxable services rendered didn't exceed the threshold limit in FY 2011-12 and in preceding financial year.
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