Service tax liabilty
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
26 June 2011
Pl. Help me to solve the undermentioned problem
One My Client(status individual) whose taxable turnover during the year 2005-06 was Rs.20,00,000 from T V and Radio Pro gramme Production. He received Rs. 5,00,000/- on June 2005 and balance on 31.03.2006.The previous year 2004-05 his turnover was Nil. My question is whether he was liable to pay service tax or yes then How much.
One My Client(status individual) whose taxable turnover during the year 2005-06 was Rs.20,00,000 from T V and Radio Pro gramme Production. He received Rs. 5,00,000/- on June 2005 and balance on 31.03.2006.The previous year 2004-05 his turnover was Nil. My question is whether he was liable to pay service tax or yes then How much.
Shyam Lal Naik
(Expert)
26 June 2011
I am limiting the scope of the answer to quantification.
From the facts, your client is liable to Service Tax. The SSI exemption at the relevant point of time was Rs. 4 lakh. Hence the taxable value shall be Rs. 16 lakh.
From the facts, your client is liable to Service Tax. The SSI exemption at the relevant point of time was Rs. 4 lakh. Hence the taxable value shall be Rs. 16 lakh.
U S Sharma
(Expert)
26 June 2011
ST on 1 Lac(5 Lac - 4 Lac ( threshold limit) payable on 5th july 2006, and on 15 Lacs by 31st march 2006
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