Procedure to collect service tax

Queries 533 views 2 replies

GULSHAN MOHANDAS MANGLANI

BEING A CA

51 Points Joined May 2012

Hello Everyone!

i run a commercial coaching center and it is a sole propritor ship firm.

till now we have not collected any service tax and did not pay any service tax to govt. I have also not done my IT returns till now. i do not have Service tax registration number but I have a pan?

now one of my client wants to pay service tax. can i collect service tax witout ST registration? If so what should be mentioned on the invoice if not what steps can i take now to collect the same.

if possible provide me the formt

thanks

Replies (2)

lalbabu

CA Practice

53 Points Joined January 2013

Dear Gulshan Ji,

Please do not collect Service Tax, untill and unless Service Tax number you can not collect Service Tax , Please apply for Service Tax Number then you collect Service Tax.

As far as Income Tax return concern please file your Income Tax return if your Income is Taxable under Income Tax Act,

If you know the provision then you can do ownself or consult with any professional

Thanks

Lalbabu

9969078272

Harendra Kumar

Tax Advisor

1326 Points Joined July 2011

Sir,

In my opinion that, ( for Individual )

Service Tax Matter

If your income does not over 10,00,000.00 ( Rupees Ten lakh ) for relevant previous year, you have not take any service tax registration.

If you raised Service Tax amount on your Service Invoices, you have to take Service Tax Registration and deposit the same amount collected by your Service Invoices. Further follow up the Service Tax Law and Procedure.

Income Tax Matter

If your previous year Income does not over 2,00,000.00 ( Rupees Two Lakh ) for the A.Y. 2013-14. You would not file the Income Tax Return. If you Income exceed you should have to file said return.

I hope you make the provision in this regard.

Thanking you

( Harendra Kumar )