Service tax liability
This query is : Resolved
CA Sanjay Baheti
(Querist)
06 June 2012
one of my client being an Individual having proprietorship Concern registered with Service Tax Department under Erection,Commissioning & Installation services in Aug,2010. till Date he has not filed ST return on half yearly basis for the Year 2010-11 & 2011-12.
His Total Turnover from the above services for the above period are as under:-
i) From Oct,2010 to March,2011 Rs.2670461/-
ii) From April,2011 to Sept,2011 Rs.1639657/-
iii) From Oct,2011 to March,2012 Rs.1422977/-
Now query is how to compute the service tax liability along with Interest & Penalty as per Service tax Law for each Half year.
Whether we have to compute after considering Rs.1000000/- as Exemption Limit of Turnover so far Small Service Providers are considered.
Please reply with computation of ST Liability along with Interest & maximum Penalty as per law.
Please reply soonest.
His Total Turnover from the above services for the above period are as under:-
i) From Oct,2010 to March,2011 Rs.2670461/-
ii) From April,2011 to Sept,2011 Rs.1639657/-
iii) From Oct,2011 to March,2012 Rs.1422977/-
Now query is how to compute the service tax liability along with Interest & Penalty as per Service tax Law for each Half year.
Whether we have to compute after considering Rs.1000000/- as Exemption Limit of Turnover so far Small Service Providers are considered.
Please reply with computation of ST Liability along with Interest & maximum Penalty as per law.
Please reply soonest.
Amol S Joglekar
(Expert)
06 June 2012
for 2010-11 you will get basic exemption?? of 10L.
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