Service tax liability for new business
This query is : Resolved
23 August 2013
If a proprietor has established a new business and have taken service tax registration but annual turnover is less than rs.10 lacs,does he need to pay service tax for the same AY ?
23 August 2013
NO, you does nt need to pay service tax but whenever turnover is more than 10 lakhs than u are liable to pay service tax.
Message likes :
1 times
23 August 2013
can you tell me provision in which it is described
23 August 2013
please refer SSI/ threshold Exemption under Notification No. 33/2012 – Service Tax Dt. 20/06/2012
23 August 2013
The Notification will state that exemption is available for the small scale providers of services upto 10 lacs. It will not say that payment is not to be made. See Notn No.33/2012 ST dt 20.06.12.
Pl click.
https://www.servicetax.gov.in/st-notfns-home.htm
Pl click.
https://www.servicetax.gov.in/st-notfns-home.htm
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
- GST ITC REVERSE
- Fixe term employment
- Is any professional CA is here please reply
- EXPORT BILL UNDER LUT FREIGHT CHARGE INCLUED IN INVOICE IT LIABLE TO TAX
- Gift Received from nonblood relative
- Section 50-fixed asset-->building ceases to exist
- RCM ISSUE ON RENT AND TRANSPORTATION CHARGES
- Foreign lottery ticket bought online from India: legality, tax and consequences
- Putting a heading on received mail
- Tax Audit u/s 44AB for Transport Business A proprietorship is engaged in transportation business and
- 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
- 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
- How to pay remaining amount of TDS after due date?
- Resigning a auditor from the company for misconduct
- RCM @ 5% on Hamali charges, Transport Charges, Unloading charges we take ITC or not
- CALCULATION OF DEFFERED TAX - OP BL IS DTL & CURRET IT DTA
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
