SARANG SARAF (Article Assistant) (26 Points)
12 November 2013if the assessee has an service tax number and his turnover does exceeds 10 lacs is he liable for service tax
CA Rashmi Gandhi
(Chartered Accountant)
(86285 Points)
Replied 12 November 2013
Anandan
(HOD accounts)
(502 Points)
Replied 12 November 2013
But he will have to file nil returns till he surrender his ST Registration.
SARANG SARAF
(Article Assistant)
(26 Points)
Replied 12 November 2013
is their any circular or notification related to it
Anandan
(HOD accounts)
(502 Points)
Replied 12 November 2013
/experts/non-filing-of-nil-return-867820.asp#.UoIRknBabpw.
Please check out the above link.
Regards
CA Kedar Sakhardande
(Proprietor)
(942 Points)
Replied 12 November 2013
If the turnover exceeds Rs. 10 Lacs definitely service tax is applicable.
Further, you have mentioned that you have obtained service tax number. At the time of applying for service tax number you are giving a declaration that you will be paying service tax even if turnover is below taxable limit.
So in any case, you have to pay service tax and file service tax return.
In case, you have not done it before you can apply and pay under amnesty scheme.
Manoj Agarwal
(Service Tax Consultant Rourkela ServiceTaxExpert@yahoo.com)
(3456 Points)
Replied 12 November 2013
According to N/N 33/2012 dated 20-6-2012, if the aggregate value of taxable service during the preceding FY was not exceeding Rs. 10 Lacs, then no need to pay service tax on taxable service up to Rs. 10 Lacs. Otherwise, Pay service tax from Re. 1 onwards.
Harendra Kumar
(Tax Advisor )
(1326 Points)
Replied 14 November 2013
Harendra Kumar
(Tax Advisor )
(1326 Points)
Replied 14 November 2013
Yes I agree with the above there is no liability to pay service tax if you turnover does not exceeds Rs. 10 Lakh but also raised your liability raised have to submitted the Service-Tax Return on quarterly and half yearly basis and also correspondence with the concern department.
Manish
(Manager)
(21 Points)
Replied 15 July 2014
Is it necessary to apply for service tax number ? I do have turnover more than 10 lakhs but I dont take any service tax from my vendor / clients. Still do i have to apply for Service tax number ?
Now a days banks made it mandatory to apply for service tax number before opening a current account. But at that time it was not mandatory and i have a current account with my business name but that is just for clients to deposit payments coz they dont trust to deposit in personal account.
Harendra Kumar
(Tax Advisor )
(1326 Points)
Replied 15 July 2014
Sir,
When you are provided the taxable service or agree to be provided the taxable service in taxable territory and also you have crossed the exemption limit Rs. 10 Lakh then you have to mandatory for Service Tax Registration.
Further, In this regard you can operate the business with Current or S.B. account. There is no doubt.
Thanking you,
CAclubindia
