tax exeption slab
This query is : Resolved
shaikh irshad
(Querist)
08 August 2010
The assessee runs the hotel. The main income is room sale and food and beverages. the ancillary income is boat cruising/laundry services/sight seeing/leasing of space for advertisement- which comes under service tax. all put together the service income does not cross 10 lakhs. is assessee liable for service tax?
if not, then is there any way to cancell the registration or file the nil return?
The assessee runs the hotel. The main income is room sale and food and beverages. the ancillary income is boat cruising/laundry services/sight seeing/leasing of space for advertisement- which comes under service tax. all put together the service income does not cross 10 lakhs. is assessee liable for service tax?
if not, then is there any way to cancell the registration or file the nil return?
CMA Ramesh Krishnan
(Expert)
08 August 2010
Even you register under the Service tax, since you are not crossed the basic threshold exemption Rs.10 lakhs you can claim exemption for the same, so my suggestion no need to cancel the registration you can file the return mentioning basic exemption claimed, because in future you my cross the turnover limit that time need to register, no need to cancel, file the Nil tax return
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
- Reward for festival
- 18% Rent a cab
- Clarification on GST, TDS, and Accounting Provisions for Import/Export Commission Agents,profes. ser
- Clarification on GST, TDS, and Accounting Provisions for Import/Export
- Movement of goods by packers and movers - type of sale - Reg.
- Rectification under processing even after 6 months cpc portal
- Missed uploading GST Invoice
- Accounting Treatment of Civil work to install PORTA Cabin for office use
- TDS Return Statement Status
- Closer of business and itc of capital goods
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- "Please ensure that the Total of the Deductions u/s 54F match the same in Table D in Sch CG"
- Need to correct "Whether it is last installment " response in Form 26 QB
- " Income from House Property " in joint names of co-owners
- REGARDING TDS RETURN OF FORM 27Q
- Notice under e-Verification Scheme
- GST demand notice for ITC reversal against exempted supply.
- RCM ON SECURITY CHARGES FROM INDIVIDUALS
- How to get money back from delisted company
- ITC not to be taken in accounts & GSTR-3B
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
