Service tax query- urgent please ??
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
28 May 2015
One of my provides consultancy services.
I need service tax calculations for f.yr-14-15... please suggest...
April 14-Jan 15 Rs. 7,00,000 gross receipts.
Feb-15 Rs.1,00,000 gross receipts
Mar-15 he earned rs. 3,75,000..
Totally he earned Rs. 11,75,000/-....
He has not charged service tax on bills till feb-15 since he thought he gross receipts wouldnt cross Rs.10 lakhs for the year...
please suggest the calculations.... on first 8 lakhs should file returns based on includise calculations or should it be ignored and please suggest tax implications on Rs. 3,75,000/-
I need service tax calculations for f.yr-14-15... please suggest...
April 14-Jan 15 Rs. 7,00,000 gross receipts.
Feb-15 Rs.1,00,000 gross receipts
Mar-15 he earned rs. 3,75,000..
Totally he earned Rs. 11,75,000/-....
He has not charged service tax on bills till feb-15 since he thought he gross receipts wouldnt cross Rs.10 lakhs for the year...
please suggest the calculations.... on first 8 lakhs should file returns based on includise calculations or should it be ignored and please suggest tax implications on Rs. 3,75,000/-
Rupesh Jain
(Expert)
02 June 2015
when you cross rs. 10 lacs then you have to charge service tax and pay accordingly.
Rupesh Jain
(Expert)
02 June 2015
you have to charge service tax when your amount cross rs. 10 lacs
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