Threshold for service tax
This query is : Resolved
20 October 2012
Hi,
our Pvt. Ltd company has registered for Service tax this year but we will not cross the threshold limit of 10 this year and we have paid service tax for around 2 lacs on input services.
Please advise if we can avail the credit for this input by filing the return.
our Pvt. Ltd company has registered for Service tax this year but we will not cross the threshold limit of 10 this year and we have paid service tax for around 2 lacs on input services.
Please advise if we can avail the credit for this input by filing the return.
20 October 2012
Then You Just Also Pay Service Tax on Output Service Whether Its Exceed 10 Lacs or Not.
Then You Can Claim Input Credit Also.
Otherwise Not..
Then You Can Claim Input Credit Also.
Otherwise Not..
20 October 2012
Ok, but the output service tax is only around 10k this year. If we deposit this tax, can you let us know how would the input of 2 lac treated this year.
20 October 2012
Yes, Then Op 10k, and Input 2 Lacs, you can adjust 1.9lacs next year
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
- REGARDING ITR FILING QUESTION
- Concept of Vendor and customner reconciliation
- Mistake in e-invoice identified after 24 hours
- EXPORT PAYMENT
- NRI ITR2 account in 2025-26.
- Query regarding reporting of exempt foreign remuneration in ITR (AY 2026-27)
- FEMA/RBI treatment — Amazon.ca arbitrage (US buy, Canada sell, goods never enter India)
- Goods return by customer
- INWARD REMITTANCE FOREIGN
- CPC and SAC
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
