Service Tax Limit
This query is : Resolved
30 August 2010
1.How to calculate service tax limit ?
& when service tax liablity is to be paid?
2.If an assessee is providing more than one service/s, will it be required to have seperate service tax nos. for each of taxable services in single ST-1 form.
3.An assessee is liable to pay s/t on rent which inter alia includes other services? so how liability can be reckoned in such casen where single bill is raised? Will be seperate tratement if an assessee raise seperate bill/s for "rent" & "Other Services" (Other than rent)?
pls. guid on these issues.
& when service tax liablity is to be paid?
2.If an assessee is providing more than one service/s, will it be required to have seperate service tax nos. for each of taxable services in single ST-1 form.
3.An assessee is liable to pay s/t on rent which inter alia includes other services? so how liability can be reckoned in such casen where single bill is raised? Will be seperate tratement if an assessee raise seperate bill/s for "rent" & "Other Services" (Other than rent)?
pls. guid on these issues.
CMA Ramesh Krishnan
(Expert)
30 August 2010
1. Basic thershold exemption on service tax is.Rs.10 lakh, If your turnover more than Rs.10 in the previous financial year, you need to charge & collect service tax from current financial year
2.ST- 3 need to be filed in single return for all the services,
3. Separte bill for each services need to raised
2.ST- 3 need to be filed in single return for all the services,
3. Separte bill for each services need to raised
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