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How to decide the tax

eTaxMentor (employee) (217 Points)

18 September 2012

Hi,

Can any one tell me how to determine whether Service Tax is payable by a person.

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10 Replies

Varma (Senior Process Executive) (305 Points)
Replied 18 September 2012

if value of taxable services exceeds 900000 in a financial year.He is liable to pay service tax.He also registered himself with designated superintendent of central excise.

1 Like

Ganeshbabu K (Audit and Tax Advisory) (48559 Points)
Replied 18 September 2012

if value of taxable services exceeds 10,00,000 in a financial year.He is liable to pay service tax.if value of taxable services exceeds 900000 in year He has to registered himself with designated superintendent of central excise. with in 30 days.

1 Like

ACMA Obulirajan R (M.Com, ACMA) (1119 Points)
Replied 18 September 2012

Originally posted by : ganeshbabu
	if value of taxable services exceeds 10,00,000 in a financial year.He is liable to pay service tax.if value of taxable services exceeds 900000 in year He has to registered himself with designated superintendent of central excise. with in 30 days.	Agreed

Riddhi (CA Final) (65 Points)
Replied 18 September 2012

Firstly to determine whether service tax is payable by a person, one needs to confirm that he doesn't fall in the negative list of services.

If the service of that person falls in that list, he doesn't come under the perview of such tax liability.

If the service of that person is not in that list, it means that tax shall be payable for that service.

Then the limit for Rs. 9,00,000/- and Rs. 10,00,000/- comes into picture.

If the value of the service provided exceeds or reaches Rs. 9,00,000/- in any year, the person needs to get himself registered with CBEC (Central Board of Excise and Customs) within 30 days of gaining such value.

Later on crossing Rs. 10,00,000/- in any year the person becomes liable to pay service tax every year from that year onwards.

.if value of taxable services exceeds 900000 in year He has to registered himself with designated superintendent of central excise. with in 30 days.

Read more at: /forum/how-to-decide-the-tax-220782.asp#.UFgZOlv3HdM

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CA Chandra Shekhar (CA Practice ) (88 Points)
Replied 18 September 2012

Help Please! Service Tax Filing, Any ICAI recognized software available?

Arif Ali (Apt Co Advisory) (1230 Points)
Replied 18 September 2012

To decide the service tax liability

First, decide it is taxabale service or not

second, then value of taxable service are exceeds Rs. 9 lakh, then register with Service tax depart

third, then if value of taxable service are exceeds Rs. 10 lakh, then pay the tax on above Rs. 10 lakh in first year

and in second year pay the tax on all values, if previous year taxable service value exceeds rs 10 lakh.

To pay the tax, consider point of taxation.

For further query, u can write me at moh.arif4ca @ live.in

Deepak Purohit (Accountant) (34 Points)
Replied 28 September 2012

Thanks for sending off useful information on service tax.

Chandra ji if you will visit www.icai.org.in site you will find free software to download for your purpose.

Deepak Purohit (Accountant) (34 Points)
Replied 28 September 2012

Thanks for sending off useful information on service tax.

Chandra ji if you will visit www.icai.org.in site you will find free software to download for your purpose.

CA Chandra Shekhar (CA Practice ) (88 Points)
Replied 28 September 2012

Deepak,

Now how i get CD key?

Anil Mangrulkar (CA) (23 Points)
Replied 28 September 2012

CA Chandra Shekhar,

Finding CD key of ICAI Tax Suit is easy. I am sharing a link below please follow that link and you will get key on your email id. You can email at support @ kdksoftware.com for any assistance.

https://icai.taxsuite.in/subsinfo.htm?mid=00000