Service tax payment
This query is : Resolved
03 November 2014
hi all,
Sir, my father is working as a quality control manager in a pharmaceutical MNC company on a contract basis as service provider from past 2months.. And the company is remitting salary including service tax 12.36% to the bank account.. please guide the procedure how and when I have to pay service tax n under which category of service should I pay.. and is it compulsory to do service tax registration if yes, pls guide me the procedure..
Regards
Lokesh
04 November 2014
Presuming that there is no employer employee relationship, and your father can be said to be service provider providing management consultancy services considering the facts of the case, the assessee needs to be registered under the service category Management Consultancy Services, and the service tax may be paid by the 6th of the month following the month in which the service charges is received.(Presuming the service charges do not exceed Rs. 50 lakhs )
For taking service tax registration the service charges needs to cross 9 lakhs in a Financial year.
Further Not. 33/12 exempts small scale service provider for service charges upto 10 lakhs receibved in a financial year if the aggregate value of service charges does not exceed Rs. 10 lakhs in the preceeding year. Plz. chk the Not. for compliance of other conditions.
For taking service tax registration the service charges needs to cross 9 lakhs in a Financial year.
Further Not. 33/12 exempts small scale service provider for service charges upto 10 lakhs receibved in a financial year if the aggregate value of service charges does not exceed Rs. 10 lakhs in the preceeding year. Plz. chk the Not. for compliance of other conditions.
04 November 2014
Please also note that if service tax is collected separately then service tax registration is required mandatorily and paid within the due date irrespective of Not. 33/12.
05 November 2014
Agree with Expert Vishaka Kejriwal. Since the company has paid service tax to your father, he is required to get ST Registration under the category "Management Consultancy Services" and discharge the liability quarterly. For registration with Service Tax authorities log into the ACES.Gov.in site.
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
- Depreciation of fixed assets- coop housing society in mumbai
- TDS on Consultancy- Non DTAA
- Reopen of assessment proceeding
- Rental income gst and it purpose
- Management System (IMS)
- Condonation . E-Verification of last year return .
- Eway bill generation from place other than registeted
- FTS Taxable under 115A
- EPF FULL & FINAL RULES IN 2026
- COMMERCIAL INVOICE FOR MATERIAL AND FREIGHT
- Tax Audit u/s 44AB for Transport Business A proprietorship is engaged in transportation business and
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- STATUTORY AUDIT OF A SMALL PRIVATE COMPANY INCORPORATED ON 28.03.2025
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
- Resigning a auditor from the company for misconduct
- RCM @ 5% on Hamali charges, Transport Charges, Unloading charges we take ITC or not
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
