regarding service tax and incometax
This query is : Resolved
22 October 2010
my company IS small software company i have done project for a american company now i have to get the payment for my project which i have done .it will be around 20 lakhs .
now i need to pay service tax for only 10 lakhs because this is for first time iam doing project .please guide me about the incometax & service tax . what should i do now.
now i need to pay service tax for only 10 lakhs because this is for first time iam doing project .please guide me about the incometax & service tax . what should i do now.
23 October 2010
Hi
1. there is basic exemption 10 lakh is till when you crossed above the exemption limit then only the st is appplicable.
2. export of service to the other countries service tax is exempted
3.only when the service is exported & payment received from INDIA then service tax is applicable.
4. ST payable only on received or realised amount not on entiire billed amount.
1. there is basic exemption 10 lakh is till when you crossed above the exemption limit then only the st is appplicable.
2. export of service to the other countries service tax is exempted
3.only when the service is exported & payment received from INDIA then service tax is applicable.
4. ST payable only on received or realised amount not on entiire billed amount.
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
- Applicable TDS rate for sale of property in Nov 2024
- Inventory of finished goods
- Tds on building rent monthly
- Quiery in relation to GST liability in case of an advocate who has obtained GST registration.
- Confusion around Form 26QB fields
- Can we claim ITC of Feb-2024 in the month of November-2024 which was not claimed by oversight
- Sale of property furniture sale
- REGARDING 25 AS DATE OF PAYMENT AND DATE OF BOOKING
- Clarification on Documentation of Paid-Up Capital Contribution by Directors
- TDS under section and rate of TDS
- GST input on scooter purchased
- TDS under section 194Q and TCS under section 206C
- GST input on car insurance and repairs
- GST input on Diwali gift to employee
- GST input on Mobile Handset
- Material and freight in same invoice
- TDS under section 194J inclusive of reimbursement of expenses
- TDS on Material and Labour in same invoice
Trending Online Classes
CAclubindia
