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service Tax

Kumar (Accountant) (224 Points)

25 June 2009

I had recently started computer centre & obviously it does not fall under service tax registration. Can I apply for service tax voluntary and after receiving registration number is it necessary to charge service tax at the time of fee received from the students. Please advice & thanks in advance.

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3 Replies

Rajeev (EO) (54 Points)
Replied 26 June 2009

visit www.servicetax.gov.in ..it may be helpful

vishnukant tailor (se excutive accounts) (36 Points)
Replied 01 July 2009

Dear Kumar

you turn over limit is not more than 12 lacs then you are not liable to pay service tax and not need to charge in fees which is collect from your student.

thanks

Madhukar N Hiregange (Chartered Accountant) (38934 Points)
Replied 05 July 2009

Originally posted by :Kumar
"	I had recently started computer centre & obviously it does not fall under service tax registration. Can I apply for service tax voluntary and after receiving registration number is it necessary to charge service tax at the time of fee received from the students. Please advice & thanks in advance.	"

The computer coaching and training comes under Commercial coaching and training. Once you cross Rs. 10 lakhs of taxable services in the previous year then you are liable for payment of ST in the current year from Re. 1. In your case since the value of services in pr yr is nil you can claim the exemption upt Rs.10 lakhs under not. 6/2005. After that you can start charging and collecting the ST. You can be registered. It is advisable in the maentime to file the 6 monthsly returns claiming the said exemption and disclsoing the figures to avoid disputes.