16 March 2013
I am a proprietor for a firm which is into video tape production category of service tax. My revenue / income stands below Rs.50.00 lacs for current and preceeding financial year. I want to clarify whether i have option of paying service tax on receipt basis as per the new rules / notifications of service tax.
Is this option available for select 08 individual / proprietorship service providers such as CA, CS, Architect, Lawyers etc. or individuals like me (service provider of video tape production) also have this option of paying service tax on receipt basis.
16 March 2013
Yes dear...if your current receipt is less than 50lacs rupees then you can opt receipt basis as per new rules.
Querist :
Anonymous
Querist :
Anonymous
(Querist)
16 March 2013
But i am bit confused regarding this option available to select individuals / proprietors covering 08 specific services such CA, CS, Architect etc. but not video tape production. Please clarify, can i as (video tape producer) opt for service tax payment on receipt basis.