Turnover not exceeding rs. 10 lakhs

This query is : Resolved 

Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
02 May 2012 Hi,

A company not registered under income tax department but they are raising invoices with service tax and service tax also not paid (bcoz their total turnover not exceeding Rs. 10 Lakhs). this is correct or not.

Pls clarify.

02 May 2012 If an assessee fulfill requirement of NN 06/2005, then he is not required to pay service tax upto value of service of Rs. 10 lac. However if he is collecting service tax even if value not exceeding rs. 10 lac then he has to deposit service tax as per provision of section 73A.

Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
03 May 2012 Deposit means which mode? can u explain briefly, please.

03 May 2012 Deposit means tax collected from client to be deposited to government.

Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
05 May 2012 This deposit is refundable?

05 May 2012 It is not refundable


You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now



Similar Resolved Queries


loading


Unanswered Queries



CCI Pro



Answer Query



Company
09 September 2026
Semi Qualified CA / CA Inter - 2 Groups Cleared

Getmyca Consultant Pvt Ltd

New Delhi

CA Inter

View Details
Company
17 September 2026
Chartered Accountant

Dass Gupta & Associates

Gurgaon

CA

View Details
Company
ARTICLESHIP 18 September 2026
Industrial Trainee

Twenty Point Nine Five Ventures Private Limited

Noida

CA Inter

View Details
Company
ARTICLESHIP 16 September 2026
CA Article Trainee

SR BAGAI & Co.

New Delhi

CA Inter

View Details
Company
26 September 2026
Chartered Accountant

pushpganga ventures

Pune

CA

View Details
Company
08 September 2026
Semi-Qualified Assitant

Subrahmanyam & Sivudu CA Firm

Hyderabad

CA Inter

View Details
Company
ARTICLESHIP 16 September 2026
Article Assistant

MANUJ SHARMA AND COMPANY

Noida

CA Inter

View Details
Company
09 September 2026
SENIOR AUDITOR & ACCOUNTS MANAGER

Anupam Parashar & Co.

Ghaziabad

CA Final

View Details