Treatment of service tax for the f.y. 2011-2012

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Manoj kumar jain (Querist)
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07 December 2012 Details of previous year i.e. 2010-2011

Total t/o Rs. 800000/-
Payment Recd. Rs. 200000/-

Details of Current Year i.e. 2011-2012

Total T/o Rs. 2500000/-
Payment Recd. Rs. 1100000/- in which previous year payment Rs. 400000/- & balance of Rs. 700000/- in Current Year.

What is the beneficial for me in service tax ????

Manoj kumar jain

Manoj kumar jain (Querist)
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07 December 2012 and also reply for the F.Y. 2012-2013 as per same question

CA Rutvij

CA Rutvij (Expert)
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08 December 2012 Please elaborate your query. Question is not clear.

Manoj kumar jain

Manoj kumar jain (Querist)
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16 December 2012 in above what is the tax treatment under point of taxation & excemption notification & other service law???

CA Rutvij

CA Rutvij (Expert)
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22 December 2012 For FY 2010-2011

If your turnover is less than Rs 10 lakhs in 2009-10 then pay tax on Rs 10 lakhs (20 lakh - SSI limit 10 Lakh)

If turnover is more than Rs 10 lakhs then pay tax on entire amount Rs 20 lakhs.
Point of taxation in any case will be date of receipt of payment.

For FY 2011-12

From April-June = pay tax on receipt basis.
From July-March = pay tax on invoice basis.

(For the amount of FY 2010-11 received in FY 2011-12, pay tax on receipt basis.)

Manoj kumar jain

Manoj kumar jain (Querist)
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22 December 2012 Sir please rectify my above problem we are not able to understand these situation what is better for me

CA Rutvij

CA Rutvij (Expert)
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22 December 2012 Call me 9904518448.

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