Taxation applicable
This query is : Resolved
28 April 2012
If an assessee gross turnover was Rs.800000/- in F.Y. 2009-2010 and in F.Y. 2010-2011 the gross turnover is Rs.1150000/- then for F.Y. 2010-2011 Service Tax will be applicable at Rs.1150000/- or Rs.150000/- (1150000-1000000).
Subsequently in F.Y.2011-2012 if gross turnover is Rs.500000/- then whether Service Tax will be applicable or not ?
Subsequently in F.Y.2011-2012 if gross turnover is Rs.500000/- then whether Service Tax will be applicable or not ?
28 April 2012
Service tax will be applicable on 1.50 lacs, that is excess of Rs. 10 lacs in first year.
If the tunover is less than 10 lacs in consecutive 3 years then you dont have to charge service tax, otherwise you have to charge.
If the tunover is less than 10 lacs in consecutive 3 years then you dont have to charge service tax, otherwise you have to charge.
28 April 2012
FY 2009 - 10 - Nil
FY 2010 - 11 - 1,50,000/-
FY 2011 - 12 - 5,00,000/-
FY 2010 - 11 - 1,50,000/-
FY 2011 - 12 - 5,00,000/-
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
- Reporting Income under Section 44ADA
- Itr 1 processing
- ITR 2 Short Term gain & Long term gain
- Off Market debit and credit transaction
- Showing Gift from relative in ITR for this year
- ITR 1: Details for showing Exempt Income
- INCOME TAX ON REDEVELOPEMENT OF FLAT
- Short Term Capital gain on shares bought and sold after 2018 onwards
- ITR returnFY25-26
- ITR selection for salaries and capital gain less than L
- ITR validation error - Balance sheet is not filled
- Gst invoice numbering and delivery challan numbering
- Sales amount in Gstr1
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
- Annexure B utility for GST Refund
- Tax amount diff in Gstr1 and 3B in tax compare reports
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
