Service tax limit 10 lacs on individual service
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
08 August 2013
A Financial Service provider has a Prop. firm and ST registration in Firm's Name he is deducting ST on Professional Services
He in his individual Capacity also provide rental service value 5 lac
Now my question is
1. weather he needs to deduct ST on Rental Service as the limit is 10 lac
2. weather same Reg no will be used for all kinds of service provided by his firm or by himself
plz reply urgent
He in his individual Capacity also provide rental service value 5 lac
Now my question is
1. weather he needs to deduct ST on Rental Service as the limit is 10 lac
2. weather same Reg no will be used for all kinds of service provided by his firm or by himself
plz reply urgent
08 August 2013
yes he also required to charge service tax on 5 lacs since PAN no. of the both would be same.
using separate firm names one can't allow to get exemption of 10 lacs more than once.
using separate firm names one can't allow to get exemption of 10 lacs more than once.
Message likes :
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08 August 2013
If total receipts of all of the service provided even from separate address/office exceeds 10.00 lacs, then registration of service tax is mandatory.
i.e
No of services- irrelevant
no of place of providing service- irrelevant
all the services of different place should be clubbed together
i.e
No of services- irrelevant
no of place of providing service- irrelevant
all the services of different place should be clubbed together
Message likes :
1 times
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