St limit

This query is : Resolved

Modi Girish (Querist)
Follow

23 September 2013 Respected Experts,

One of my client having a STC on "Goods Transport Agency", now they received a commission income of Rs. 4,00,000/-. My question is should they pay service Tax on that amount as they are registered in ST but category of registration is "GTA"?

Kindly revert asap

CA Parul Saxena

CA Parul Saxena (Expert)
Follow

23 September 2013 commission service need to be registered....

Nikhil Kaushik

Nikhil Kaushik (Expert)
Follow

23 September 2013 Add another service to your registration. and pay service tax against it. You need to amend your registration by refiling ST-1.

Modi Girish

Modi Girish (Querist)
Follow

23 September 2013 Received commission amt in f.y. 12-13 now if i amend the st2 in current year 13-14, then also i have to pay service tax on 4,00,000/-?

Another point is threshold limit is 10,00,000/-, then why should I pay the tax?

RENGARAJ R.K

RENGARAJ R.K (Expert)
Follow

24 September 2013 Yes, you have to amend the RC to include (commission)-business auxiliary service. And you can start paying service tax only after reaching taxable turnover limit of 10 L.

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now