One of My Client has Food stall near by Chaupati.
if i Show Net profit 500000/- and turnover 25Lac
then any problem?
Menu
Regarding turnover
Replies (6)
Your Net profit margin in this case is 20%. What problem could it have?
turnover above 10 lac
so VAT or service tax attaracts?
if your client is serving to customers then Service tax is applicable but if there is SELF SERVICE system then no service tax is leviable.
this is stall of dosa ...
so service tax applicable???
In my openion there is no problem
I think st is not applicable on food stall bcoz From 1st April 2013, now service tax is applicable only if the restaurant has the facility of air-conditioning or central air heating in any part of the establishment at any time during the year . If the restaurant does not have any of these, no service tax will be applicable. Hence it is irrelevant whether the food restaurant have the liquor license or not.
Recent Topics :
- Itr 4 problem
- Capital Gains Mismatch Due to Sale Agreement in FY
- REGARDING NRO INVESTMENT IN SHARES OF DOMESTIC COM
- DTAA benefits
- SUPPLEMENTARY AGREEMENT FOR ADDING A PARTER IN TN
- Part availmement of ITC in case of rejection of su
- Due date for itr 5 no audit with loss for fy 25 26
- Capital Gains Mismatch AIS
- Inward E-way bill from Tally Prime 7.1
- Query regarding exemption under Section 10(10AA) &
Related Topics :
CAclubindia
