Service tax regn not done
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
20 December 2011
My Service Charges Turnover is 25 Lakhs for the FY 2010-2011 and i am not registered in Service Tax.
Now i want to register under Service Tax.
Do i need to pay Service Tax for the year 2010-11 for 25 lakhs?
If i need to pay tax will i be charged Interest and penalty?
please suggest?
Now i want to register under Service Tax.
Do i need to pay Service Tax for the year 2010-11 for 25 lakhs?
If i need to pay tax will i be charged Interest and penalty?
please suggest?
20 December 2011
Yes you will have to pay the same.
If it was your 1st year then you will get Rs. 10 lakhs exemption and pay Service Tax on the rest.
Interest would be leviable on the same.
If it was your 1st year then you will get Rs. 10 lakhs exemption and pay Service Tax on the rest.
Interest would be leviable on the same.
Querist : Anonymous
Querist :
Anonymous
(Querist)
21 December 2011
I started the business on Feb-2010 and for Feb and Mar-10 my turnover was 50000 i.e. FY2009-2010.
2010-2011 will be the second year right. Now can I get the 10 Lakhs exemption.
please clarify, if i can get exemption of 10 lakhs for every accounting year in Service Tax Turnover.
2010-2011 will be the second year right. Now can I get the 10 Lakhs exemption.
please clarify, if i can get exemption of 10 lakhs for every accounting year in Service Tax Turnover.
21 December 2011
Yes... You will get the 10 lakh exemption..
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