Service tax on bank audits
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
14 April 2011
Sir
Currently i'am not an assessee under service tax, since this will be my first bill.I've carried out bank audits during this year i.e, for the year ended 31st March'2011.The total value of services is around Rs.1.5 lacs.Do i have to charge service tax on the bill. Also please clarify on the procedure for registration including the rates for the current year.
Kindly clarify.
Currently i'am not an assessee under service tax, since this will be my first bill.I've carried out bank audits during this year i.e, for the year ended 31st March'2011.The total value of services is around Rs.1.5 lacs.Do i have to charge service tax on the bill. Also please clarify on the procedure for registration including the rates for the current year.
Kindly clarify.
14 April 2011
No need to charge service tax.For next financial year also you are eligible for small service provider exemption.But get registered as service provider since you are rendering a taxable service.
Querist : Anonymous
Querist :
Anonymous
(Querist)
14 April 2011
Thanks for the inputs.regards
Thanks for the inputs.regards
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