tax exeption slab
This query is : Resolved
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?
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
- Tax on Deemed Capital Gain
- Regarding ITR filing with more value than showing in AIS/TIS
- F & O PROFIT REPORTING FOR AY 2026-27
- Type of Capital Gain
- Exiting partner in partnership firm in gst portal
- NRI INSURANCE ADVISOR
- Difff in ais receipts and gst turnover
- ITR-Capital Gain
- Consequences of Non-Deduction of TDS under Income Tax???????????????
- LIABILITY ADJUSTMENT
- TDS offline utility
- TDS on rent received on hardship compensation being rent on redevelopment of building
- Housing Society-ITR5
- TDS on Rent received on redevelopment of building
- Indian IT Portal issue in computing tax as per UK-India DTAA
- Capital Gains on sale of residential flat
- Upload Level ValidationITR3Category of Defect B/D
- PF Taxable Income
- Clarification on Tax Audit Applicability and Reporting of F&O Transactions in ITR-3
- Interest credited in FY2025-2026 & TDS therein by EPFO does not reflect in AIS or Form 26AS
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
