tax liability
This query is : Resolved
28 June 2011
i want to ask if any company has taken registration before crosing 10 lakhs and charges service tax on some of its bill which he has collected also and on other bills he does not charge service tax.
now question arises that the company has not crossed 10 lakhs even though it has collected service tax on some of its bills while on other bills it has not collected,what should be the tax liability:
(a)it should pay tax equal to collected (say on 200000 lakhs it has collected 20000+3%)
or
(b)
on total turn over say six lakhs
now question arises that the company has not crossed 10 lakhs even though it has collected service tax on some of its bills while on other bills it has not collected,what should be the tax liability:
(a)it should pay tax equal to collected (say on 200000 lakhs it has collected 20000+3%)
or
(b)
on total turn over say six lakhs
28 June 2011
Since decided to collect tax with in the threshold amount, u have to collect and pay ST on Rs. 6 lacs and not on Rs.2lacs.
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
- Income tax return change regime form necessary or not?
- Machinery taking back from repair work shop
- Refund of Rs.4,00,000/- pursuant to Appeal Order – Deceased Proprietor & Closed Bank Account
- Resignation of auditor and appointment and cfss
- EXEMPTION OF LONG TERM GAIN UNDER SECTION 54F
- Composite medical service contract
- EPF RETURN FILLING
- SALE SHOWS ACCORDING SERVICE PROVIDE BUT SERVICE RECEIVER (GOVT. DEP) SHOWS SALES IN 26Q DIFF YR
- Rebate U/S 87A on Short Term Capital Gain on Sale Of Property .
- Stop filling ITR
- Tax Audit Mandatory or Optional
- 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
- Concept of Vendor and customner reconciliation
- Mistake in e-invoice identified after 24 hours
- EXPORT PAYMENT
- NRI ITR2 account in 2025-26.
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
