Applicability of service tax
This query is : Resolved
28 April 2012
Dear Members,
I want confirmation in the below noted query
My client is a Company assessee providing hotel services by letting rooms. Now in respect to service tax my query is that in the financial year 2010-11 our receipts were Rs 23 Lacs with non applicability of service tax.
Now wef 01-05-2011 letting of rooms came under the preview of service tax.
My Query is that whether we have to charge service tax from 01-05-2011 or shall wait for receipts to cross 10 lacs and then start collecting service tax from customers.
Regards
Nipesh Garg
I want confirmation in the below noted query
My client is a Company assessee providing hotel services by letting rooms. Now in respect to service tax my query is that in the financial year 2010-11 our receipts were Rs 23 Lacs with non applicability of service tax.
Now wef 01-05-2011 letting of rooms came under the preview of service tax.
My Query is that whether we have to charge service tax from 01-05-2011 or shall wait for receipts to cross 10 lacs and then start collecting service tax from customers.
Regards
Nipesh Garg
29 April 2012
you have to wait till your collection reaches 10 lakhs. on reaching 9 lakhs. you have to get registered your self as service provider with the dept
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29 April 2012
So as per your reply, Can we claim exemption on intial collection of Rs. 10 Lacs as Room rent and from Rs 10 lac onwards collect service tax from customers.
30 April 2012
yes. because the service you provide last year was not liable for service tax. SO you are considered as small service provider and so you will be exempt from paying service tax upto the receipt of Rs 10,00,000.
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06 May 2012
Yes I agree with the opinion expressed by the expert
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