hi friends
kindly let me know abt the norms for registration under service tax.
1 what is the limit for registration and return filing or tax collection.
2 is there any services which are required to get registered without considering any basic limit ie. 7 or 9 lakh
thanks
reena jain
1. One has to register for ST once the taxable services quantum exceeds 9 L acoounting both provisional and receipt basis.
2. ST requires half hearly return 25 sep and 25 apr
3.Without any limit - Input service distributor and service receipient of special 5 services should register
we were having two units ICS and opera,Opera is registered under service tax while ICS is not registered.Now ICS has been merged into Opera
Can anyone please tell me the procedure to be followed under service tax.Are we required to give intimation to service tax department while there is no change in activities or objective and no change in place,director etc
Dear Reena,
Once the Gross receipts (excluding Service tax) reaches 9 lakh, the service provider has to get register under service tax. On crossing 10 Lakh gross receipts, the liability to pay service tax arises. In these cases provision of service should be ignored. i.e. only gross receipts are counted for the turnover of 9 lakh or 10 lakh. Services billed but not received should be ignored.
| Originally posted by : Satish | ||
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Dear Reena, Once the Gross receipts (excluding Service tax) reaches 9 lakh, the service provider has to get register under service tax. On crossing 10 Lakh gross receipts, the liability to pay service tax arises. In these cases provision of service should be ignored. i.e. only gross receipts are counted for the turnover of 9 lakh or 10 lakh. Services billed but not received should be ignored. |
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Gupta Sachdeva & Co. Chartered Accountants
New Delhi
CA Final
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