Service tax liabilty
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
26 June 2011
Pl. Help me to solve the undermentioned problem
One My Client(status individual) whose taxable turnover during the year 2005-06 was Rs.20,00,000 from T V and Radio Pro gramme Production. He received Rs. 5,00,000/- on June 2005 and balance on 31.03.2006.The previous year 2004-05 his turnover was Nil. My question is whether he was liable to pay service tax or yes then How much.
One My Client(status individual) whose taxable turnover during the year 2005-06 was Rs.20,00,000 from T V and Radio Pro gramme Production. He received Rs. 5,00,000/- on June 2005 and balance on 31.03.2006.The previous year 2004-05 his turnover was Nil. My question is whether he was liable to pay service tax or yes then How much.
26 June 2011
I am limiting the scope of the answer to quantification.
From the facts, your client is liable to Service Tax. The SSI exemption at the relevant point of time was Rs. 4 lakh. Hence the taxable value shall be Rs. 16 lakh.
From the facts, your client is liable to Service Tax. The SSI exemption at the relevant point of time was Rs. 4 lakh. Hence the taxable value shall be Rs. 16 lakh.
26 June 2011
ST on 1 Lac(5 Lac - 4 Lac ( threshold limit) payable on 5th july 2006, and on 15 Lacs by 31st march 2006
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
- REGARDING GST ON COMMERICIAL PROPERTY
- Is this income indian or foreign income?
- 15ca /15cb whose income tax login? remitter or nri seller's login?
- ITC temporary reversal and reclaim
- Regarding Documentation & Compliances for Opening of Unit of Pvt Ltd.
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- GST on export of services and Input Credit
- TDS U/S. 194NF
- Applicable TDS rate for sale of property in Nov 2024
- RCM INVOICING FROM NOV-2024
- Event company query
- 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
Trending Online Classes
CAclubindia
