Service Tax Limit
This query is : Resolved
12 April 2008
Hi all,
I want to know if one professional person whoes annual income 9.80 lac (less than 10 lac limit) so, he did not take service tax from client & in the end of the year his annual reciept cross limit of 10 lac.
Then what he do?
Collect service tax from last client or our all client?
I want to know if one professional person whoes annual income 9.80 lac (less than 10 lac limit) so, he did not take service tax from client & in the end of the year his annual reciept cross limit of 10 lac.
Then what he do?
Collect service tax from last client or our all client?
12 April 2008
You have to collect Service Tax from clients.
13 April 2008
Dear Ajay
The limit of Service tax for the Accputing year 2007-2008 is Rs. 8.00 Lac
& PRoposed 2008-2009 is Rs. 10.00 Lac
U have cross the limit
& u need to raised Debit note for the parties & ask for the service Tax
If u delay in payment of service tax then u r in big problem the panalty of service tax is 200% & additional interest
The limit of Service tax for the Accputing year 2007-2008 is Rs. 8.00 Lac
& PRoposed 2008-2009 is Rs. 10.00 Lac
U have cross the limit
& u need to raised Debit note for the parties & ask for the service Tax
If u delay in payment of service tax then u r in big problem the panalty of service tax is 200% & additional interest
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
- STCG....................................................
- Supply through E-commerce Operators
- TAN for Partnership
- Sales return eway bill
- Relief u/s Section 89
- AMOUNT RECEIVED UNDER COMPULOSRY ACQUISITION OF AGRICULTURAL LAND
- E way bill for tractors
- GST Registration Horse racing
- Section 43B(h) – MSME Invoice Paid Before Year End but After 45 Days
- Loan by Partnership Firm
- Section 54F - Exemption on LTCG in 2026 for HP purchased in 2023
- Sales amount in Gstr1
- CG after sale of flat
- E Commerce GSTR1 & 3B how to file
- Nomination of Bank for refund in itr 2
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
- Annexure B utility for GST Refund
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
