29 February 2008
can anyone tell me about on what basis the registration for Service tax is required ? Whether on receipt of Rs.8 lakh ( now 10lakh)or billing of Re.8 lakh ? i am giving the following cases on which i required the explanation
1) when in 1st year of business billing is done of Rs. 6 lakh & collection of Rs. 1 lakh only & in 2ed year billing is of Rs. 5 lakh & collection of 9lakh , out of which 5 lakh belongs to 1st year services & 4 lakh for the 2ed services whether i am required to registered for SERvice Tax in any of the 2 year?
2) suppose in 1st year billing is done for Rs. 9Lakh & collection is NIL ?
3) Suppose in 1st year Billing is done for Rs.6Lakh & collection is of Rs. 10 Lakh out of which 4 Lakhs are received as advance ?
29 February 2008
IT IS ON THE VALUE OF SERVICES PROVIDED BY SERVICE PROVIDER.COLLECTION MAY BE MORE OR LESS THAN SERVICE PROVIDED BY SERVICE PROVIDER.THEREFORE ON BILLING AMOUNT .
CAclubindia
