After Service Tax Exemption
This query is : Resolved
30 April 2008
An assessee has filed an option for availing exemption vide notification no. 4/2007 dated 1.3.2007. He wants to continue to avail exemption during the financial year 2008-09. Do he has to file any document for continuation of exemption or not?
Secondly if he does not wish to avail exemption during 2008-09, do he has to file any document for the same? Shall he charge service tax in the year 2008-09 from the first bill or from the bill when service provided exceeds 10 Lakh? Do he has to pay tax from the very first receipt in 2008-09 or when it crosses 10 Lakh.
Secondly if he does not wish to avail exemption during 2008-09, do he has to file any document for the same? Shall he charge service tax in the year 2008-09 from the first bill or from the bill when service provided exceeds 10 Lakh? Do he has to pay tax from the very first receipt in 2008-09 or when it crosses 10 Lakh.
30 April 2008
as he wish what he want but if one system is adopted then whole year he will not change
01 May 2008
The querry has not been properly answered.
19 May 2008
No need to file any docs for availing or non availing this exemption
AS such there is no requirement to file any declaration, but it is good to write a letter to jurisdictional officer for availing this exemption.
This is itself clear from the date of payment of Tax i.e., 5th of Next month/quarter. If we want exemption, no need to pay tax unless first total sum received from taxable service don’t exceed the exemption limit. In this period (below 10 Lacs recd),no need to file st 3 either.
This is optional exemption. So be careful about the first total sum received.
If u dont want to take exemption, u can charge service tax from first bill, this will indicate itself that u have no opted for exemption. Any further
AS such there is no requirement to file any declaration, but it is good to write a letter to jurisdictional officer for availing this exemption.
This is itself clear from the date of payment of Tax i.e., 5th of Next month/quarter. If we want exemption, no need to pay tax unless first total sum received from taxable service don’t exceed the exemption limit. In this period (below 10 Lacs recd),no need to file st 3 either.
This is optional exemption. So be careful about the first total sum received.
If u dont want to take exemption, u can charge service tax from first bill, this will indicate itself that u have no opted for exemption. Any further
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
- Is this income indian or foreign income?
- REGARDING GST ON COMMERICIAL PROPERTY
- 15ca /15cb whose income tax login? remitter or nri seller's login?
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- Regarding Documentation & Compliances for Opening of Unit of Pvt Ltd.
- TDS U/S. 194NF
- GST on export of services and Input Credit
- ITC temporary reversal and reclaim
- Applicable TDS rate for sale of property in Nov 2024
- Tds on building rent monthly
- VERIFICATION OF REFUND RELATED
- GST Regis.
- ITC c/f from FY2022-23 to FY2023-24 entered the same in table 8C of GSTR9 of FY 2022-23, in FY23-24
- Late filling fees Demand by gst office
- IGST Credit-Show cause notice issued-confusion
- Short and Excess provision of expenses
- 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
Trending Online Classes
CAclubindia
