Levy of Service Tax
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
25 June 2010
Sir,
If a company is providing both taxable & exempted services. Taxable Services are below Rs. 10.00 Lacs & exempted services are more than Rs. 10.00 Lacs. Then is it mandatory for the company assesee to get registered under the Service Tax Act if the total amount of both the taxable services & exempted services are more than Rs. 10.00 Lacs while the taxable Services are Less than Rs. 10.00 Lacs. Please suggest.
If a company is providing both taxable & exempted services. Taxable Services are below Rs. 10.00 Lacs & exempted services are more than Rs. 10.00 Lacs. Then is it mandatory for the company assesee to get registered under the Service Tax Act if the total amount of both the taxable services & exempted services are more than Rs. 10.00 Lacs while the taxable Services are Less than Rs. 10.00 Lacs. Please suggest.
25 June 2010
For the purpose of Exemption from Registration and payment of Service Tax, the turnover of taxable service only are considered.
The company shall be required to be registered when the taxable turnover exceeds Rs. 9 Lakh.
The ambove limit is not applicable, if the company is required to service tax under reverse charge basis.
The company shall be required to be registered when the taxable turnover exceeds Rs. 9 Lakh.
The ambove limit is not applicable, if the company is required to service tax under reverse charge basis.
Querist : Anonymous
Querist :
Anonymous
(Querist)
25 June 2010
Thanks
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