Is an actor liable to pay service tax
This query is : Resolved
04 October 2012
Dear Sir,
Does an actor required to have service tax registration and whether is he required to pay service tax plz guide me
Does an actor required to have service tax registration and whether is he required to pay service tax plz guide me
05 October 2012
To me the answer is yes after the new Service Tax Act.
Anuj
Anuj
Message likes :
1 times
05 October 2012
Sir then what type of service would he covered under..
05 October 2012
Now there is no service type and the taxability for all services is there provided the service is not under any exemption or in the negative list.
Anuj
Anuj
08 October 2012
Actors who work as brand ambassodor would certainly be liable to that extent.
Where they receive any payment for theatre/ movies etc there may not be any liability. [ sr. no. 14 of Not. 25/12.
Where they receive any payment for theatre/ movies etc there may not be any liability. [ sr. no. 14 of Not. 25/12.
17 October 2014
http://www.servicetax.gov.in/notifications/notfns-2012/st25-2012.htm
point no.16
does not clearly mention films
point no.16
does not clearly mention films
01 August 2024
Yes, actors are liable to pay service tax on their professional fees, and they are required to obtain a service tax registration if their aggregate turnover exceeds the threshold limit set by the government.
### 1. **Service Tax Applicability:**
- **Liability to Pay Service Tax:** Actors providing services in their professional capacity are required to pay service tax. The service tax is applicable on the fees charged for their services.
- **Registration Requirement:** If the aggregate turnover of the actor exceeds ₹10 lakhs in a financial year, the actor must obtain service tax registration. For turnover below this threshold, registration is not mandatory but can be obtained voluntarily.
### 2. **Type of Service Covered:**
- **Nature of Service:** The service provided by an actor falls under the category of “Performance Services.” Specifically, this can include services such as acting in films, television serials, theater performances, or any other form of performance that generates income.
### 3. **Service Tax Rate:**
- **Rate of Tax:** As of the last updates, the service tax rate was 15% (including cess). However, this rate is subject to changes based on government notifications. Always check the latest rates from official sources or consult with a tax advisor.
### 4. **Procedure:**
1. **Obtain Service Tax Registration:** Apply for registration with the relevant service tax authority, which can be done online through the CBEC-GST portal.
2. **Charge Service Tax:** Add the applicable service tax to the invoices issued for professional services.
3. **File Returns:** File periodic service tax returns to report the tax collected and paid.
4. **Maintain Records:** Keep detailed records of all transactions, including service tax invoices, for auditing purposes.
### Example Scenario:
If an actor charges ₹1,00,000 for a performance, the service tax would be calculated on this amount. Assuming a 15% service tax rate, the actor would need to add ₹15,000 as service tax, making the total invoice amount ₹1,15,000.
For the most current and detailed information, or if you have specific circumstances, consulting with a tax professional or financial advisor is recommended.
### 1. **Service Tax Applicability:**
- **Liability to Pay Service Tax:** Actors providing services in their professional capacity are required to pay service tax. The service tax is applicable on the fees charged for their services.
- **Registration Requirement:** If the aggregate turnover of the actor exceeds ₹10 lakhs in a financial year, the actor must obtain service tax registration. For turnover below this threshold, registration is not mandatory but can be obtained voluntarily.
### 2. **Type of Service Covered:**
- **Nature of Service:** The service provided by an actor falls under the category of “Performance Services.” Specifically, this can include services such as acting in films, television serials, theater performances, or any other form of performance that generates income.
### 3. **Service Tax Rate:**
- **Rate of Tax:** As of the last updates, the service tax rate was 15% (including cess). However, this rate is subject to changes based on government notifications. Always check the latest rates from official sources or consult with a tax advisor.
### 4. **Procedure:**
1. **Obtain Service Tax Registration:** Apply for registration with the relevant service tax authority, which can be done online through the CBEC-GST portal.
2. **Charge Service Tax:** Add the applicable service tax to the invoices issued for professional services.
3. **File Returns:** File periodic service tax returns to report the tax collected and paid.
4. **Maintain Records:** Keep detailed records of all transactions, including service tax invoices, for auditing purposes.
### Example Scenario:
If an actor charges ₹1,00,000 for a performance, the service tax would be calculated on this amount. Assuming a 15% service tax rate, the actor would need to add ₹15,000 as service tax, making the total invoice amount ₹1,15,000.
For the most current and detailed information, or if you have specific circumstances, consulting with a tax professional or financial advisor is recommended.
01 August 2024
Yes, actors are liable to pay service tax on their professional fees, and they are required to obtain a service tax registration if their aggregate turnover exceeds the threshold limit set by the government.
### 1. **Service Tax Applicability:**
- **Liability to Pay Service Tax:** Actors providing services in their professional capacity are required to pay service tax. The service tax is applicable on the fees charged for their services.
- **Registration Requirement:** If the aggregate turnover of the actor exceeds ₹10 lakhs in a financial year, the actor must obtain service tax registration. For turnover below this threshold, registration is not mandatory but can be obtained voluntarily.
### 2. **Type of Service Covered:**
- **Nature of Service:** The service provided by an actor falls under the category of “Performance Services.” Specifically, this can include services such as acting in films, television serials, theater performances, or any other form of performance that generates income.
### 3. **Service Tax Rate:**
- **Rate of Tax:** As of the last updates, the service tax rate was 15% (including cess). However, this rate is subject to changes based on government notifications. Always check the latest rates from official sources or consult with a tax advisor.
### 4. **Procedure:**
1. **Obtain Service Tax Registration:** Apply for registration with the relevant service tax authority, which can be done online through the CBEC-GST portal.
2. **Charge Service Tax:** Add the applicable service tax to the invoices issued for professional services.
3. **File Returns:** File periodic service tax returns to report the tax collected and paid.
4. **Maintain Records:** Keep detailed records of all transactions, including service tax invoices, for auditing purposes.
### Example Scenario:
If an actor charges ₹1,00,000 for a performance, the service tax would be calculated on this amount. Assuming a 15% service tax rate, the actor would need to add ₹15,000 as service tax, making the total invoice amount ₹1,15,000.
For the most current and detailed information, or if you have specific circumstances, consulting with a tax professional or financial advisor is recommended.
### 1. **Service Tax Applicability:**
- **Liability to Pay Service Tax:** Actors providing services in their professional capacity are required to pay service tax. The service tax is applicable on the fees charged for their services.
- **Registration Requirement:** If the aggregate turnover of the actor exceeds ₹10 lakhs in a financial year, the actor must obtain service tax registration. For turnover below this threshold, registration is not mandatory but can be obtained voluntarily.
### 2. **Type of Service Covered:**
- **Nature of Service:** The service provided by an actor falls under the category of “Performance Services.” Specifically, this can include services such as acting in films, television serials, theater performances, or any other form of performance that generates income.
### 3. **Service Tax Rate:**
- **Rate of Tax:** As of the last updates, the service tax rate was 15% (including cess). However, this rate is subject to changes based on government notifications. Always check the latest rates from official sources or consult with a tax advisor.
### 4. **Procedure:**
1. **Obtain Service Tax Registration:** Apply for registration with the relevant service tax authority, which can be done online through the CBEC-GST portal.
2. **Charge Service Tax:** Add the applicable service tax to the invoices issued for professional services.
3. **File Returns:** File periodic service tax returns to report the tax collected and paid.
4. **Maintain Records:** Keep detailed records of all transactions, including service tax invoices, for auditing purposes.
### Example Scenario:
If an actor charges ₹1,00,000 for a performance, the service tax would be calculated on this amount. Assuming a 15% service tax rate, the actor would need to add ₹15,000 as service tax, making the total invoice amount ₹1,15,000.
For the most current and detailed information, or if you have specific circumstances, consulting with a tax professional or financial advisor is recommended.
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?
- 15ca /15cb whose income tax login? remitter or nri seller's login?
- Regarding Documentation & Compliances for Opening of Unit of Pvt Ltd.
- TDS U/S. 194NF
- GST on export of services and Input Credit
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- ITC temporary reversal and reclaim
- Applicable TDS rate for sale of property in Nov 2024
- Should I report my US salary for January, February, March in Schedule FA?
- RCM INVOICING FROM NOV-2024
- 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 ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
- Query for dubts
- Regarding einvoice taken on nil rated sales
- Strategical investment in Public listed company
Trending Online Classes
CAclubindia
