Should tax be collected when st reg taken
This query is : Resolved
08 October 2015
Dear all
My client newly started service and he expected turnover will be 12,00,000 P.A so he has taken service tax registration
Now has he to collect service tax on bill value from the first bill onward? or can he wait? for up to 9,00,000
Because his turnover may not be crossed 10,00,000 in that financial year
Please clarify
My client newly started service and he expected turnover will be 12,00,000 P.A so he has taken service tax registration
Now has he to collect service tax on bill value from the first bill onward? or can he wait? for up to 9,00,000
Because his turnover may not be crossed 10,00,000 in that financial year
Please clarify
08 October 2015
Wait for crossing 10 lacs and charge service tax for service value exceeding 10 lacs. If it crossed during the year charge service tax next year from first bill.
08 October 2015
sir if 10,00,000 crossed in feb month then i no need to collect tax on march bills?
and i have to start from 1st April
is it correct?
and i have to start from 1st April
is it correct?
09 October 2015
No, you need to collect service tax on March bills and also from 1st April.
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
- CAPITAL GAIN BASE ON NOTIFICATION
- Form 140 tds
- Taxable or Tax exempt
- ADVANCE PAYMENT OF ADVOCATE
- TDS Deducted AY-2013-14 Not Reflected in 26as
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- NRI starting business in India
- Demand Outstanding AY 2013-14 TDS Deducted not shown in 26as
- REGARDING ANNUAL RETURNS FILLINGS OF A COMPANY INCORPORATED ON 28.03.2025
- TDS Return Q1 FY 2026-27
- 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
- CALCULATION OF DEFFERED TAX - OP BL IS DTL & CURRET IT DTA
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
