Applicability of service tax
This query is : Resolved
07 November 2011
If a commission agent is earning more than Rs. 10 Lakhs in the Assessment year 2011-12, then does he need to pay service tax ?
If yes then at what rate and under which section ?
If yes then at what rate and under which section ?
07 November 2011
Yes hee needs to pay service tax under Business Auxillary Service and rate of service tax is 10.3%
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07 November 2011
if his last year(2009-2010) turnover is Rs. 12 lakhs and he hasent paid service tax for last year as well as current year, what is his liability ?
07 November 2011
2009-10 liability arises for Rs.2 lakhs only. 2011-12 liability arises from Re. 1 onwards provided in 2010-11 gross receipts exceed Rs.10 lakhs.
07 November 2011
isnt the limit of 10 lakhs over with in the last year n he has to pay on the entire amount in the current year
07 November 2011
B. charapani sir is right.....
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