Regarding service tax

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

08 March 2013 i am collecting amount for eb bills and pay in online...in current year total 24lakhs is deposit in my sb account and 23 lakhs is billed in online. what is the charge for service tax and how will minimise it...

CA AYUSH AGRAWAL

CA AYUSH AGRAWAL (Expert)
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08 March 2013 You Mean to say 24-23 = i.e 1 Lacs is Your Net Income and That is Service provided.

You do One Thing.
Make Bills of Your %age Income Only for Every Customer.

Suppose Customer Deposited 1000. and EB Bill was 995. so in This Case 5 rs. is Your Income.
Make Separate Bill for 5 Rs. as Your Service Charges.

Now, No Service Tax is Applicable Since Services Not Exceed Limit of 10 Lacs. rs.

So Avail Exemption by Following What i suggested above.