Service tax registraton
This query is : Resolved
14 December 2012
Our firm is having income of building rent of Rs.1 lac per month. As per my knowledge service tax registration limit is RS.10 lacs for the financial year.
Please confirm this limit. And also confirm that when we take service tax registration after income exceeding 10 lacs whether previous amount attract service tax i.e. RS.1 to 10,00,000/- or not? or service tax payable only excess of Rs.10 lacs billing.
Please confirm this limit. And also confirm that when we take service tax registration after income exceeding 10 lacs whether previous amount attract service tax i.e. RS.1 to 10,00,000/- or not? or service tax payable only excess of Rs.10 lacs billing.
14 December 2012
Sir,
Present Service tax rules are as follows:
If your turnover exceeds Rs. 10 lacs in previous year then you need to pay s.tax on the turnover above Rs. 10 lacs.
On crossing Rs. 9000000 you need to obtain serv tax.
So in your case
s.tax will not be attracted on Rs. 10 lacs but will be attracted after that.
I hope it will suffies you.
Present Service tax rules are as follows:
If your turnover exceeds Rs. 10 lacs in previous year then you need to pay s.tax on the turnover above Rs. 10 lacs.
On crossing Rs. 9000000 you need to obtain serv tax.
So in your case
s.tax will not be attracted on Rs. 10 lacs but will be attracted after that.
I hope it will suffies you.
14 December 2012
Hi,
Service tax will be charged in this year only on the value in excess of Rs.10Lacs. However, in next year, the same will be charged from starting
thnx
Service tax will be charged in this year only on the value in excess of Rs.10Lacs. However, in next year, the same will be charged from starting
thnx
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?
- GST on export of services and Input Credit
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- TDS U/S. 194NF
- Regarding Documentation & Compliances for Opening of Unit of Pvt Ltd.
- ITC temporary reversal and reclaim
- Applicable TDS rate for sale of property in Nov 2024
- Can we claim ITC of Feb-2024 in the month of November-2024 which was not claimed by oversight
- Payment of bonus act - notice pay recovery
- MIS MATCH OF INVOICE NUMBER
- 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
- Adjusted profit/Loss in the case of LLP and Pvt. Ltd.company
Trending Online Classes
CAclubindia
