consultant accountant gross receipts is above rs 1000000 so he is liable to pay service tax or not
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Service tax
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Jignesh ji,
Following persons are liable to pay service tax
· Any provider of taxable service whose aggregate value of taxable service received in any financial year exceeds Rs.10,00,000/-
· An input service distributor.
· Service receivers as specified in sec 68 (2) of Finance Act.
If above criteria satisfies then person is liable to pay servie tax.
The person should register with the department when gross receipts (from taxable services) reaches the limit of Rs.9,00,000/-. In your case, gross receipts are above Rs.10,00,000/- hence liable to pay ST. Service tax not applicable on Export of services, subject to Conditions given in Export of service rules, 2005.
Members correct me if I’m wrong.
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