Service tax Registration
This query is : Resolved
ramanncharyulu
(Querist)
15 May 2009
Sir,
Sub:Registration of Service tax
A Partnership firm started in Fin.Year:2007-08. Service charges for Ist year Rs.7.50 lac & 2nd year ie., Fin.year 2008-09 Rs.8.75 lacs,
Estimate service charges for 3rd year ie., 2008-09 Rs.11.00 lacs.
Service tax not collected during the Fin.years:2007-08 & 2008-09.
Whether service tax to be collected during 2009-10 after crossing the service charges figure of Rs.10 lakhs
(or)
Whether service tax payable on entire service charges for the current fin.year or only on such amount which is in excess of Rs.10 lakhs.
Sub:Registration of Service tax
A Partnership firm started in Fin.Year:2007-08. Service charges for Ist year Rs.7.50 lac & 2nd year ie., Fin.year 2008-09 Rs.8.75 lacs,
Estimate service charges for 3rd year ie., 2008-09 Rs.11.00 lacs.
Service tax not collected during the Fin.years:2007-08 & 2008-09.
Whether service tax to be collected during 2009-10 after crossing the service charges figure of Rs.10 lakhs
(or)
Whether service tax payable on entire service charges for the current fin.year or only on such amount which is in excess of Rs.10 lakhs.
15 May 2009
As per my view, in case it is estaimated to cross ten laks then it has to be collected from one rupee.
15 May 2009
In the year 2009-10 you need to collect and pay service tax only on the amount which is in excess of Rs.10 lakhs.
Deepak Goel
(Expert)
15 May 2009
I agree with Warrier
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