Limit of rs.10 lacs would be over
This query is : Resolved
12 April 2012
DEAR SIR,
IF TOTAL AMOUNT OF SERVICE REBDERED IS GOING TO BE 10 LACS IN NEAR FUTURE.I WANT TO KNOW WHETHER I HAVE TO DEDUCT ST RIGHT FROM BEGAINNING? I HAVE ALREADY PAID REMITTANCE TO PARTIES.NOW HOW I CAN DEDUCT FROM THEM?
IF TOTAL AMOUNT OF SERVICE REBDERED IS GOING TO BE 10 LACS IN NEAR FUTURE.I WANT TO KNOW WHETHER I HAVE TO DEDUCT ST RIGHT FROM BEGAINNING? I HAVE ALREADY PAID REMITTANCE TO PARTIES.NOW HOW I CAN DEDUCT FROM THEM?
12 April 2012
I THINK YES.
IF YOU KNOW IN COMING PERIOD YOU WILL CROSS LIMIT OF 10 LACS.
IF YOU KNOW IN COMING PERIOD YOU WILL CROSS LIMIT OF 10 LACS.
12 April 2012
In the very first year when limit cross 10 lac than you required to deduct ST on above Rs. 10 lac service proivde. but once 10 lac cross in a year than from the next year you required to pay serivce tax on full amount of service proivde means than after you not get the benefit of 10lac.
12 April 2012
It is not clear whether you are service provider or service receiver. Pls. specify. As you are saying that you have paid remittance it seems that it may be import of service. FOr information there is no concept of deduction in servic tax.
12 April 2012
It is not clear whether you are service provider or service receiver. Pls. specify. As you are saying that you have paid remittance it seems that it may be import of service. FOr information there is concept of deduction in servic tax.
12 April 2012
Because of some problem internet connection it was replied twice pls. consider my first reply stating that there is no concept of TDS in Service tax
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Applicability
- Is Aadhar PAN linking required for opening bank account?
- Where to show the RCM on Rent paid to unregistered landlord
- CPC Processing IT Return for AY 2023-24 without recognizing the Taxation Option under New Regime
- Application of 115BAC
- RCM - commercial rent paid to URP under GST
- Offsetting interest income against derivative trading losses
- TDS NUMBER SURRENDER
- GSTR-3B - Do I file nil when there is no sale but I've bought raw materials
- Legal heir raised refund , but refund issued to the closed account of deceased.
- Whether still royalty
- 20% OF DEMAND PAYMENT IN APPEAL
- Issue of gst e invoice
- Interchangeable words in accounts
- Adjusted profit/Loss in the case of LLP and Pvt. Ltd.company
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
- Query for dubts
- Regarding Resignation by Auditor from Pvt. Ltd.
Trending Online Classes
-
Excel Mastery Program
CA Rishabh Pugalia
CAclubindia
