Small service procedure
This query is : Resolved
Thamotharan S
(Querist)
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!!
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