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Service tax liability
An Assessee has registered for Service Tax, however his total taxable turnover has not exceeded the limit of Rs 10 lakhs provided under notification 33/2012 - ST, my question is i) whether is is mandatory for the Assessee is required to charge service even if his taxable service does not exceed Rs 10 Lakhs just because he has registered for service tax
Replies (7)
Service tax liability arises only when the taxable turnover exceeds Rs 10 lakhs.
How the same is to be shown in the Service Tax return if the person has registered for service tax?
He should file nil returns showing total turnover below 10 lakhs
So the Service to be declared as Exempt Service? or Whether no particulars are to be disclosed in the return?
Thanks in advance
Disclose the particulars of the turnover
Business Consulting Service Provided by the Assessee, now if i am filing returns then i should only show the turnover right!, i dont have to show anything such as exempted etc,.
Thanks in Advance
It depends uoon the taxable services which have been provided by the assesse in previous year, if in PY assesse has provided services of more than 10 lakhs then he has to charge service tax in current year, if his services in PY less than 10 lakh then he can avail the smal scale service provider exemption upto 10 lakhs.
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