CA Mukul Mittal (CA in practice) (384 Points)
10 October 2011whether service tax is chargeable on the services rendered by the assessee having a valid service tax no. even if the receipts from the services are less than 10 lacs in current year and last two years????
in which case, the assessee is required to file a NIL return?????
plzzzzzzzzzzzzzz elaborate it .........
U S Sharma
(glidor@gmail.com)
(21056 Points)
Replied 10 October 2011
every registered assessee has to file return within time limit, including NIL returns
units having less than 10L service in previous year may opt for notification no 6/2005 as amended by 8/2008 upto 10L
CA Mukul Mittal
(CA in practice)
(384 Points)
Replied 14 October 2011
sir,
whether the assessee is lible to pay tax even if the taxable services rendered are less than 10l
johnlinkan
(teacher)
(25 Points)
Replied 15 October 2011
| Originally posted by : U S Sharma | ||
 |
every registered assessee has to file return within time limit, including NIL returns units having less than 10L service in previous year may opt for notification no 6/2005 as amended by 8/2008 upto 10L |
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I agree with sharmaji.
CA Unnikrishnan Nair N
(Chartered Accountant)
(2083 Points)
Replied 15 October 2011
Basic exmeption is available up to Rs.10L eventhough service provider is registered. But file ST-3 showing value of service as exempted.
CA Mukul Mittal
(CA in practice)
(384 Points)
Replied 06 November 2011
I am not in the practice of Service Tax. Whether the assessee is required to charge service tax on all the amount of biils raised....
Suppose the assessee is SSP in the year 2009-10 and had claimed the exemption. In 2010-11, till 15th March, the turnover was Rs. 9Lacs and the assessee has not charged any ST on the services rendered. But on 20th March, he raised the bill of Rs. 5lacs, now my question is, whether the assessee is charged to tax for whole 14.5 lacs or for 4.5 lacs( 14.5 -10 lacs).?????
U S Sharma
(glidor@gmail.com)
(21056 Points)
Replied 07 November 2011
4/5Lacs is taxable amount after basic exemption of 10L ( provided the assessee has not esxceeded his turnover in previous year / has not claimed any cenvat credit)
CAclubindia
