Service tax on freight charges
This query is : Open
27 February 2015
Hi,
We are a trading company and tax audit concern. If We are receiving commercial rent for month Rs.80,000 per month (2014-15).We raised sales invoice including freight charges.ie.freight amount exceeds Rs.195000/-(Approx). We are providing labour charges and raised labour charges invoice.ie total value of labour charges received Rs. 475000/-(Approx).
My query is..
1.Do we have to collect service tax and pay to government?
if yes,then
2.what is the procedure for service tax filing in my case?
We are a trading company and tax audit concern. If We are receiving commercial rent for month Rs.80,000 per month (2014-15).We raised sales invoice including freight charges.ie.freight amount exceeds Rs.195000/-(Approx). We are providing labour charges and raised labour charges invoice.ie total value of labour charges received Rs. 475000/-(Approx).
My query is..
1.Do we have to collect service tax and pay to government?
if yes,then
2.what is the procedure for service tax filing in my case?
27 February 2015
1. Yes your total value of service provided exceeds 10 lakhs, you have to register with service tax, collect service tax and pay to Govt.
2. If this is the first year your service provided value exceeding 10 lakhs you have to pay service tax on value exceeding 10 lakhs. From next year on wards you have to pay service tax from Rs 1.
3. See the link for service tax registration. Half yearly service tax return has to be filed.
https://www.aces.gov.in/STASE/ui/jsp/common/registerWithACES.do
2. If this is the first year your service provided value exceeding 10 lakhs you have to pay service tax on value exceeding 10 lakhs. From next year on wards you have to pay service tax from Rs 1.
3. See the link for service tax registration. Half yearly service tax return has to be filed.
https://www.aces.gov.in/STASE/ui/jsp/common/registerWithACES.do
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
- About TDS & Income Tax
- Pass word to open justification report for Q1 for FY 2026-27
- Section 194JA & JB Income which ITR Form to use
- PPF interest-As Exempt Income disclosure
- Scrutiny and reopening of past returns
- F & O PROFIT REPORTING FOR AY 2026-27
- Booth for sales promotion
- Type of Capital Gain
- VALUATION OF PRIVATE LIMITED COMPANY SHARES
- Average Cost Of High Quality Diamonds
- TDS on Rent received on redevelopment of building
- Tax on Deemed Capital Gain
- Indian IT Portal issue in computing tax as per UK-India DTAA
- Capital Gains on sale of residential flat
- Upload Level ValidationITR3Category of Defect B/D
- PF Taxable Income
- Clarification on Tax Audit Applicability and Reporting of F&O Transactions in ITR-3
- Interest credited in FY2025-2026 & TDS therein by EPFO does not reflect in AIS or Form 26AS
- 44ad eligble money lending interest
- Taxation in the hands of Landowner under JDA
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
