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 Topics :
- NRI, ITR-2 FY 2025-26: AIS Part B2 (SFT) shows hig
- Generate E-Way Bill for 4 Nos. Suppliers Involveme
- Section 54F Exemption
- Would you use a free, open-source alternative to s
- Business & Finance
- Report in GSTR 1 ( Credit Note ) for Wrong GST Rat
- Reply of summons issued under section 70 of the cg
- How to Bulk GSTIN Number Verify and Validation
- OPC Annual Filing Defaults – Need Guidance t
- OPC Annual Filing Defaults – Need Guidance t
Related Topics :
CAclubindia
