Construction activity
This query is : Open
28 June 2013
We are having service tax registration number, but from 3-4 years we not given any bill to our client as there is no sales.
My query is if we are issuing our bill to the client then is it chargeable to service tax or we can ignore???
If we can ignore in which circumstances or what will be conditions for that and procedure, if any??
My query is if we are issuing our bill to the client then is it chargeable to service tax or we can ignore???
If we can ignore in which circumstances or what will be conditions for that and procedure, if any??
29 June 2013
service tax is chargable only after taxable services crosses 10lacs limit and it do not have connection with registration.
hence when there is no sales, question of service tax doesn't arise. you may issue invoice.
but once your limit of 10 lac will be crossed you have to charge service tax on further invoices.
NOTE: RETURNS OF SERVICE TAX TO BE FILED ON RESPECTIVE DUE DATES WHETHER THERE IS SALE OR NOT, ONCE YOU HAVE TAKEN THE REGISTRATION, OTHERWISE THERE COULD BE PENALTY.
hence when there is no sales, question of service tax doesn't arise. you may issue invoice.
but once your limit of 10 lac will be crossed you have to charge service tax on further invoices.
NOTE: RETURNS OF SERVICE TAX TO BE FILED ON RESPECTIVE DUE DATES WHETHER THERE IS SALE OR NOT, ONCE YOU HAVE TAKEN THE REGISTRATION, OTHERWISE THERE COULD BE PENALTY.
Message likes :
1 times
01 July 2013
means even if you are registered under service tax but it is not chargeable uptil the limit to be crosses of Rs.10Lacs??
As we have sale more than Rs.10Lacs only in F.Y.07-08, thereafter it is not more than that.
In F.Y.13-14, there is going to be some sales, it is mandatory to charge na, then??
As we have sale more than Rs.10Lacs only in F.Y.07-08, thereafter it is not more than that.
In F.Y.13-14, there is going to be some sales, it is mandatory to charge na, then??
01 July 2013
If you have cross the exemption limit one time then you should pay the duty from day one in another financial year. department can demand the duty.
Message likes :
1 times
08 July 2013
Thanks but i got some information on following links :
http://www.simpletaxindia.net/2012/09/service-tax-exemption-limit-who-can.html
http://taxindia.pz10.com/2013/04/service-tax-rate-chart-exemption-limit.html
Is this are correct?
And is there any process for such exemption?
http://www.simpletaxindia.net/2012/09/service-tax-exemption-limit-who-can.html
http://taxindia.pz10.com/2013/04/service-tax-rate-chart-exemption-limit.html
Is this are correct?
And is there any process for such exemption?
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?
- ITC temporary reversal and reclaim
- GST on export of services and Input Credit
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- Applicable TDS rate for sale of property in Nov 2024
- Inventory of finished goods
- Tds on building rent monthly
- RCM INVOICING FROM NOV-2024
- Can we claim ITC of Feb-2024 in the month of November-2024 which was not claimed by oversight
- REGARDING 25 AS DATE OF PAYMENT AND DATE OF BOOKING
- Sale of property furniture sale
- Confusion around Form 26QB fields
- Adjustment entry in the case of Individual and HUF on 31st March
- Stock difference tax applicable on composite rate or normal rate
- LAST YEAR 2022-23 ITC IN NEXT YEAR 2023-24 REPORITNG IN GSTR-9
- MIS MATCH OF INVOICE NUMBER
- IGST Credit-Show cause notice issued-confusion
- Issue of gst e invoice
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
Trending Online Classes
CAclubindia
