Small service procedure
This query is : Resolved
23 February 2013
Dear Sir,
(If i am a Small Service Provider)
My Taxable Services Less than Rs.10 lakhs in the Previous F.Y. So this year i can avail exemption upto 10 lakhs.
--------IS THIS CORRECT ?-----------
a) My invoice contains Service tax number, but i don't collect and remit any service tax in the first Half year return (<10Lak).
b) If it crossed Rs.10lakhs in the middle of second half year, i should collect and remit from 10,00,001. I can avail input credit same from it.
(If i am a Small Service Provider)
My Taxable Services Less than Rs.10 lakhs in the Previous F.Y. So this year i can avail exemption upto 10 lakhs.
--------IS THIS CORRECT ?-----------
a) My invoice contains Service tax number, but i don't collect and remit any service tax in the first Half year return (<10Lak).
b) If it crossed Rs.10lakhs in the middle of second half year, i should collect and remit from 10,00,001. I can avail input credit same from it.
23 February 2013
Hi,
Yes, if value of taxable services provided is less than 10 lakhs then no need to pay ST in current FY.
Yes even you are correct for A & B.
Thanks!!
Yes, if value of taxable services provided is less than 10 lakhs then no need to pay ST in current FY.
Yes even you are correct for A & B.
Thanks!!
Message likes :
1 times
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
- Tax Audit Applicability – Newly Formed Partnership Firm with Profit Below 6%/8%
- TDS CREDIT MISMATCHING
- Buy back of shares u/s69
- GST Rate for Catering Services
- Need Professional Opinion - AY 2012-13 Old Demand & AY 2026-27 Refund Adjustment
- Taxability of Partnership firm for FY 2025-26
- Same demand raised for original as well as rectification request return
- Sale of property held jointly with a non resident Indian
- Portuguese Civil Code IT Return
- TODAY INCOME TAX SITE IS NOT WORKING ANY OFFICIAL EXTENSION
- Bank details not Visible on Traces Portal
- Difference between Date of Payment and Date of Deduction?
- Journal entry of busniess expenses
- Cash balance limit and property purchases limit
- CALCULATION OF DEFFERED TAX - OP BL IS DTL & CURRET IT DTA
- LLP audit under companies act
- Experienced CA recommendation from Kolkata for FNO return filing
- Interest Reporting in Form 168
- Sales of goods of amount Rs77 lakhs to a party
- Tax Demand of ₹4,650 for AY 2026-27
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
