Guys as you all may aware that the limit for compulsory online payment of service tax has been reduce to 1 lakh from 10 lakhs (applicable from 1 january 2014) .. What i want to ask is that is this limit relevant for may 2014 IPCC exams or not. Some of my friends are saying that it is applicable for nov. 2014 exams not for may14 .... I m totally confused please provide the necessary guidance into the matter.
Menu
E-payment of service tax
Replies (3)
Dear Vikas you can write 1lakh as this is an amendment mentioning earlier it was 10 lakh. All the best.
For May 2014 Exams, amendments issued upto 31.10.2013 are applicable whereas the threshold limit for mandatory e-payment was reduced vide notification dated 22.11.2013.
.
Hence, the reduced limit is not applicable for May 2014 exams.
.
Moreover, if you see the RTP for May 2014 exams, you will find that it contain amendments issued only upto 31st Oct.
Thanks Manoj & Deepak .... then i will write the old limit and just to be on the safer side, i will mention the new limit by giving a explanatory note.
Recent Topic
- SBI direct mutual funds ITR
- 44AE Section
- FEMA compliant structure
- Tax obligation in AY 2026-27
- EFILING ITR2 FROM COMMON FILING UTILITY
- SBI gold bond interest
- PPF Interest Exempt - But what drop down to choose
- Itr2 or itr3 intraday trade 1 loss of 70 paise
- Calculation of IT
- CA FINAL FR IndAS 33 Doubt(Corrected)
Related Topics
CAclubindia
