Service tax liability for new business
This query is : Resolved
23 August 2013
If a proprietor has established a new business and have taken service tax registration but annual turnover is less than rs.10 lacs,does he need to pay service tax for the same AY ?
23 August 2013
NO, you does nt need to pay service tax but whenever turnover is more than 10 lakhs than u are liable to pay service tax.
Message likes :
1 times
23 August 2013
can you tell me provision in which it is described
23 August 2013
please refer SSI/ threshold Exemption under Notification No. 33/2012 – Service Tax Dt. 20/06/2012
23 August 2013
The Notification will state that exemption is available for the small scale providers of services upto 10 lacs. It will not say that payment is not to be made. See Notn No.33/2012 ST dt 20.06.12.
Pl click.
http://www.servicetax.gov.in/st-notfns-home.htm
Pl click.
http://www.servicetax.gov.in/st-notfns-home.htm
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
- Where to show the RCM on Rent paid to unregistered landlord
- Is Aadhar PAN linking required for opening bank account?
- Applicability
- CPC Processing IT Return for AY 2023-24 without recognizing the Taxation Option under New Regime
- Gst Sales of FY 2023-24
- 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.
- Offsetting interest income against derivative trading losses
- Application of 115BAC
- 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
