Who pay service tax?

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

30 October 2012 e.g.=P.Y 2009-10 TAXABLE SERVICE-13 LAKHS, TAX PAY ON 3 LAKHS.

P.Y 2010-11 TAXABLE SERVICE-8 LAKHS, TAX PAY ON 8 LAKHS.

P.Y 2011-12 TAXABLE SERVICE-11 LAKHS, TAX PAY ON 1 LAKH.

SUCH LIMITATION WHICH ASSECCEE PROVIED?

CA bhargava

CA bhargava (Expert)
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30 October 2012 Question is not clear

Querist : Anonymous

Querist : Anonymous (Querist)

30 October 2012 dear i means who pay normaly service tax, for pay service tax apply any limitation except case od Small Service Provider.

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Arun Kumar Singh

Arun Kumar Singh (Expert)
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30 October 2012 In the financial year you will pay the service tax on the value of 3 lakhs after every years you will pay the service tax on all value. only one times you will get exemption upto 10 lakhs if you have cross this limit then coming financial year you will pay the service tax from start.

CA bhargava

CA bhargava (Expert)
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30 October 2012 there is no exception ., If the turnover Exceeds 10 lacs., then u will be paying service tax on the exceeded amount of more than 10lacs in first year., from next year., u will be paying from the first rupee also.,

u need to collect in the Invoice and pay the amount to the CBEC

Arun Kumar Singh

Arun Kumar Singh (Expert)
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30 October 2012 The Central Government, being satisfied that it is necessary in the public interest so to do, hereby exempts taxable services of aggregate value not exceeding ten lakh rupees in any financial year from the whole of the service tax leviable thereon under section 66B of the said Finance Act. Next financial year you will not get again 10 lakhs exemption, you will pay duty from start.

Querist : Anonymous

Querist : Anonymous (Querist)

31 October 2012 thanx both of u(sir).