We are a trading company and tax audit concern. If We are receiving commercial rent for month Rs.80,000 per month (2014-15).We raised sales invoice including freight charges.ie.freight amount exceeds Rs.195000/-(Approx). We are providing labour charges and raised labour charges invoice.ie total value of labour charges received Rs. 475000/-(Approx). My query is.. 1.Do we have to collect service tax and pay to government? if yes,then 2.what is the procedure for service tax filing in my case?
27 February 2015
1. Yes your total value of service provided exceeds 10 lakhs, you have to register with service tax, collect service tax and pay to Govt. 2. If this is the first year your service provided value exceeding 10 lakhs you have to pay service tax on value exceeding 10 lakhs. From next year on wards you have to pay service tax from Rs 1. 3. See the link for service tax registration. Half yearly service tax return has to be filed. https://www.aces.gov.in/STASE/ui/jsp/common/registerWithACES.do
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