10 February 2011
Sir, A person appies for service tax number in the month of may 2010, when his taxable services were of Rs.4.00 lacs and received the service tax registration certificate on 5/2/2011, when his taxable services were of Rs.22.oo lacs. he achieved the turnover of Rs.10.00 lacs in the month of Oct. 2010. And neither he collects any service tax nor he pays any service tax. My query is a) Whether he will pay service tax on Rs.12 lacs (Rs.22.00-10.00) or on Rs.18.00 Lacs (Rs.22.00-4.00). b) Rate of interest on non payment of service tsx. c) Return of Service tax for the half period ending on 30-9-2010. d) is there any effect on his liability to pay tax or for submission of return, if he achieved turnover of Rs.10.00 lacs in the month of Aug.2010.
11 February 2011
1. Yes on Rs. 12 lakhs. 2. Please verfiy the current rate from deptt. 3. No first return has to be filled after getting registration , In March 2011. 4. Only tax will apply on late payments.
CAclubindia
