I provide software service to a company based in STP unit. If my first year turnover exceeds 10 lakh, should I pay service tax on gross amount or the amount exceeding 10 lakhs? Can I avail of small service provider exemption?
Thank you.
Ram
Menu
Service tax exemption
Replies (3)
Gross amount..for Frist tym only
Sorry, I didn't get it. Does your answer imply I can claim small service provider exemption this year and pay service tax on amount exceeding 10 lakhs this time only?
you dont need to pay service tax on first 10 lakhs for this year only, if not charged in the invoice.
Next year you will not get any threshold exemption
Recent Topics :
- TAX TREATMENT AND ACCOUNTING ENTRIEOF PERQUISITES
- Gifting money to my father-in-law (my husband's da
- GSTR-1 JSON from marketplace exports (Myntra / Ama
- Question on buy back of shares
- Saving corporate tax completely on profit from rea
- Hi experts need some helps
- A query regarding GST and Place of Supply:
- ADT-3 not filed by previous Auditor
- Revising salary on 24Q Q4 FY 25-26
- LTCG: Home Loan Principal Repayment?
Related Topics :
CAclubindia
