Limit of rs.10 lacs would be over
This query is : Resolved
12 April 2012
DEAR SIR,
IF TOTAL AMOUNT OF SERVICE REBDERED IS GOING TO BE 10 LACS IN NEAR FUTURE.I WANT TO KNOW WHETHER I HAVE TO DEDUCT ST RIGHT FROM BEGAINNING? I HAVE ALREADY PAID REMITTANCE TO PARTIES.NOW HOW I CAN DEDUCT FROM THEM?
IF TOTAL AMOUNT OF SERVICE REBDERED IS GOING TO BE 10 LACS IN NEAR FUTURE.I WANT TO KNOW WHETHER I HAVE TO DEDUCT ST RIGHT FROM BEGAINNING? I HAVE ALREADY PAID REMITTANCE TO PARTIES.NOW HOW I CAN DEDUCT FROM THEM?
12 April 2012
I THINK YES.
IF YOU KNOW IN COMING PERIOD YOU WILL CROSS LIMIT OF 10 LACS.
IF YOU KNOW IN COMING PERIOD YOU WILL CROSS LIMIT OF 10 LACS.
12 April 2012
In the very first year when limit cross 10 lac than you required to deduct ST on above Rs. 10 lac service proivde. but once 10 lac cross in a year than from the next year you required to pay serivce tax on full amount of service proivde means than after you not get the benefit of 10lac.
12 April 2012
It is not clear whether you are service provider or service receiver. Pls. specify. As you are saying that you have paid remittance it seems that it may be import of service. FOr information there is no concept of deduction in servic tax.
12 April 2012
It is not clear whether you are service provider or service receiver. Pls. specify. As you are saying that you have paid remittance it seems that it may be import of service. FOr information there is concept of deduction in servic tax.
12 April 2012
Because of some problem internet connection it was replied twice pls. consider my first reply stating that there is no concept of TDS in Service tax
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?
- REGARDING GST ON COMMERICIAL PROPERTY
- 15ca /15cb whose income tax login? remitter or nri seller's login?
- Regarding Documentation & Compliances for Opening of Unit of Pvt Ltd.
- ITC temporary reversal and reclaim
- GST on export of services and Input Credit
- TDS U/S. 194NF
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- Applicable TDS rate for sale of property in Nov 2024
- Capital gain consideration
- MIS MATCH OF INVOICE NUMBER
- VERIFICATION OF REFUND RELATED
- GST Regis.
- ITC c/f from FY2022-23 to FY2023-24 entered the same in table 8C of GSTR9 of FY 2022-23, in FY23-24
- Late filling fees Demand by gst office
- IGST Credit-Show cause notice issued-confusion
- Short and Excess provision of expenses
- Issue of gst e invoice
- Interchangeable words in accounts
- Adjusted profit/Loss in the case of LLP and Pvt. Ltd.company
Trending Online Classes
CAclubindia
