Hi,
I am deducting the service tax for the first time.
Can anybody tell me the procedures ? Please help me .
Thanks in advance
Geetha.K
Sanjeev Kumar
(Private)
(895 Points)
Replied 01 July 2008
your query is not clear i e. service tax is not a matter of deduction. if you are a service provider than you should charged service tax on invoice subject to others i.e. taxable service, cross the limit and registration no. etc.
nitesh
(ca)
(0 Points)
Replied 01 July 2008
if u r charging service tax for the first time:
1) you should have ST Registration
2) you should show tax separately in invoice
3)you should charge ST only on the turnover which exceed the tax free limit.
4) you should deposit ST and file return
Geetha.K
(Accountants Officer)
(118 Points)
Replied 01 July 2008
Our's is a new Registered Comapny. It's a Mall . So far no transction , we submitted a nil return.
Now we are Providing service tax on (rent ) invoice. I don't know the later procedures.
Please guide me
Thank you
Geetha.K
Sanjeev Kumar
(Private)
(895 Points)
Replied 01 July 2008
it seems your co. is given space(s) in Mall to others, now if your rental income across the limit (Rs. 8 lacs) then the co. suppose to be liable to get the registration and discharge service tax leability on / or above receipts Rs. 10lacs.
ravi mandlekar
(service)
(23 Points)
Replied 06 December 2008
one of my client provide services road roller, material handling and rents. His status is individual. at what amount he is liable to pay the service tax and on which services.
Is he liable to pay tax on monthly basis or quarterly basis?
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