Service tax on online i formation access and database
This query is : Resolved
01 April 2015
Hi,
I have recently started a sole proprietorship. We provide online information from various websites to our client in spain. I raise the invoice in euro, I would like to know how my turnover would be calculated for service tax purpose and how should I determine service tax liability. We are located in UP
I have recently started a sole proprietorship. We provide online information from various websites to our client in spain. I raise the invoice in euro, I would like to know how my turnover would be calculated for service tax purpose and how should I determine service tax liability. We are located in UP
01 April 2015
If your total service for the year doesn't exceed 10 lacs for the first year, you have to pay service tax on amount exceeding 10 lacs. From next year you have to pay service tax on full amount.
01 April 2015
Suppose next year my turnover reaches above 10 lakh then do I need to calculate tax on invoice amount which is in euro
02 April 2015
Yes you have to calculate on invoice amount.
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