Service tax number

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engineer
26 Points Posted on 18 January 2014

HI,

I Work as contractual employee with a company and paid a professional fees monthly. I get form 16-a.

My question is do I need to have service tax number if my income crosses 10 lakhs annually?

What is it and why is it required if I'm paying my tax annualy?

I am new to this, any help will be appreciated.

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On 18 January 2014 at 17:36 Report
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Industrial Trainee
79 Points Posted on 18 January 2014
Service tax is an indirect tax in which the burden can be shifted to the person who is paying you. In your case it is your employer. So technically you are not paying the st, rather you are just an agent to the govt. As far as income tax is concerned, deduct the st component and show the net amount as your income.
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On 18 January 2014 at 20:16
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engineer
26 Points Posted on 18 January 2014

Thanks!!!...

But I get professional fee as payment that is a fixed amount depending upon the number days I work.

My question was is it neccessary to get a service tax number even if I am paying my income tax on the the amount I get.

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On 18 January 2014 at 22:22

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