Service Tax Mandatory to be charge
This query is : Resolved
23 October 2008
I have taken Service Tax Registration No. and during the year my receipt from providing professional services is upto Rs.4 Lacs.
Plesae let me know if there is mandatory on me for charging service tax on rendered services whether it is below the exemption limit.
Please also provide me related notification in this regard.
ASAP
Plesae let me know if there is mandatory on me for charging service tax on rendered services whether it is below the exemption limit.
Please also provide me related notification in this regard.
ASAP
23 October 2008
While presenting Budget 2008 in the parliament, the Finance Minister announced an increase in the exemption threshold limit for service tax liability from Rs 8 lakhs to Rs 10 lakhs.
Hence, u r not required to collect Service Tax
Hence, u r not required to collect Service Tax
23 October 2008
Thanks Shailesh. But I have already registered under service tax, Is there mandatory on me to charge service tax whether receipt during the year is below exemption limit.
Please provide related notification.
ASAP
Please provide related notification.
ASAP
23 October 2008
Please provide above ASAP
23 October 2008
Dear Mukesh,
One can wait towards Registration of Service Tax uptill its turnover does not reaches Rs. 9 Lacs and should charge Service tax for turnover above Rs. 10 Lacs provided your turnover for last F.Y. was also below threshold limit. But , Since you have already got service tax registration no. you must charge service tax even your turnover is below threshold limit . Also you can avail input credit for services received.
One can wait towards Registration of Service Tax uptill its turnover does not reaches Rs. 9 Lacs and should charge Service tax for turnover above Rs. 10 Lacs provided your turnover for last F.Y. was also below threshold limit. But , Since you have already got service tax registration no. you must charge service tax even your turnover is below threshold limit . Also you can avail input credit for services received.
23 October 2008
If in current year receipt of Rs. 9Lac than there is mandatory for charging the Service tax. (I have already taken service tax registration no.)
23 October 2008
See my answer for your earlier question.
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
- Off Market debit and credit transaction
- Showing Gift from relative in ITR for this year
- Short Term Capital gain on shares bought and sold after 2018 onwards
- Share accounting-->fifo - capital gain - period as per fifo?
- ITR selection for salaries and capital gain less than L
- ITR filing- non tax audit cases- Asstt.Year 2026-2027
- Treatment of Pension ?annuity returns on PMVY
- Soyabean hsn code and gst rate
- Regarding IMS Mandatory from 1st July 2026
- GSTR-4 Annual Return ! Pending Returns for F.Y. 20-21 to 22-23
- TDS on payment to CHA as per new section
- Sale of Forign Shares
- INCOME TAX ON REDEVELOPEMENT OF FLAT
- Form 10E u/s 89(1). Need clarification because experts opinions differ !!!!
- Gst invoice numbering and delivery challan numbering
- Standard Deduction claim for EPFO Pension and ICICI Prudential Life Annuity
- Small dealers gst returns filing
- Sales amount in Gstr1
- CG after sale of flat
- E Commerce GSTR1 & 3B how to file
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
