Taxaable value of srevice
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
17 December 2011
Hi..All
I m newly registered with the service tax authority..
MY total receipt from service have reached to Rs850000/- in first half and i have to raise a new bill of Rs160000/- in coming period...
so i want to know the taxable value of service with some clarification..
whether to pay service tax on Rs 160000/- or Rs 1010000/- or Rs 10000/-.
Please help...
Thanks in advance...
I m newly registered with the service tax authority..
MY total receipt from service have reached to Rs850000/- in first half and i have to raise a new bill of Rs160000/- in coming period...
so i want to know the taxable value of service with some clarification..
whether to pay service tax on Rs 160000/- or Rs 1010000/- or Rs 10000/-.
Please help...
Thanks in advance...
17 December 2011
your taxable value of service is 10000.
Your are covered under small service provider(SSP). SSP means whose taxable value of service does not exceed 10 lakhs in preceding year. SSI is getting exemption from ST of 10 lakhs in current year if its value of taxable service not exceed 10 lakhs in preceding year or in current year. hence you have to pay tax on 10 lakhs.
Your are covered under small service provider(SSP). SSP means whose taxable value of service does not exceed 10 lakhs in preceding year. SSI is getting exemption from ST of 10 lakhs in current year if its value of taxable service not exceed 10 lakhs in preceding year or in current year. hence you have to pay tax on 10 lakhs.
17 December 2011
@ ATIN it is 10 Thousands not 10 Lakhs as you written by mistake.
you have to charge Service tax on 10 thousand only in bill to party also.
Abhishek Ranjan Singh
ARS Solutions
email2ars@gmail.com
+91 9022838615
you have to charge Service tax on 10 thousand only in bill to party also.
Abhishek Ranjan Singh
ARS Solutions
email2ars@gmail.com
+91 9022838615
17 December 2011
yes you can avail exemption of small service provider Rs. 10000 chargeable to service tax but next year you can't avail exemption limit as SSP.
Querist : Anonymous
Querist :
Anonymous
(Querist)
19 December 2011
Hi All,,,
Thanks for your reply,
and giving time to my Query..
Wishing you all a Very happy coming Year
Thanks for your reply,
and giving time to my Query..
Wishing you all a Very happy coming Year
19 December 2011
Welcome, you can USE THANK User option also for it.
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
- Is this income indian or foreign income?
- 15ca /15cb whose income tax login? remitter or nri seller's login?
- Regarding Documentation & Compliances for Opening of Unit of Pvt Ltd.
- TDS U/S. 194NF
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- GST on export of services and Input Credit
- ITC temporary reversal and reclaim
- Applicable TDS rate for sale of property in Nov 2024
- Tds on building rent monthly
- Import license renewal
- LAST YEAR 2022-23 ITC IN NEXT YEAR 2023-24 REPORITNG IN GSTR-9
- MIS MATCH OF INVOICE NUMBER
- IGST Credit-Show cause notice issued-confusion
- Issue of gst e invoice
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
- Query for dubts
- Regarding einvoice taken on nil rated sales
- Strategical investment in Public listed company
Trending Online Classes
CAclubindia
