what is limit when i liabile to pay service tax on turnover basis, whether i liable to pay retrosectively if yes then when its begun as from january 2014 i cross my turnover from april 2014 to dec 2014 is 9 lakh
Menu
What is limit when i covered under service tax liability
Replies (2)
Dear Sir,
Limit is 10 Lakh for the first time.
you have to register yourself when you have Crossed 9 lakh of turnover as you said.
No retrospective payment of service tax.
when you Charge your customer/earn from customer, you must pay the service tax.
Service tax to be paid 5th of every subsequent month (6th in case of e - filling) using GAR 7 form in Nationalized Banks.
Calculate yourself for the servic tax collected As 12% Service Tax =1200
2% Education Cess onservice Amt (1200*2%) = 24
1% of secondary Edu Cess on Service Amt (1200*1%) = 12
Total = Rs.1236/- (12.36%)
These Three should eb deposited under Seperate Accounting code as Specified.
Recent Threads
- Turnover limit for composition dealer in gst
- My client purchases Rs. 3 crores and his turnover
- Regarding CA foundation Exemption (Direct Entry Sc
- CFSS Scheme
- Transfer of ITC from individual to LLP
- Query of Goodwill
- Remuneration to Partners
- Request For Dhirajlal Rambhia
- Tds deduction queery
- Check ITR1 on income tax Form ITR1 Instead of 1 ho
Related Threads
CAclubindia
