CA. Ashok shah
(CHARTERED ACCOUNTANT)
(333 Points)
Replied 02 January 2009
Dear Mr. Sudhir,
I suppose both of us replied to the query at the same time. In my case, query itself got pasted by mistake instead of my answer. I have gone through your answer, I fully agree with same.
Thanks,
CA. Ashok Shah
RUDRA DATT
(practice)
(78 Points)
Replied 13 April 2009
CA SUDHI HALKHANDI
PLS ADVISE ME ON THE FOLLOWING :-
A DESIGNING FIRM HAS STARTED ITS BUSINESS IN APRIL 2008 AND TILL NOV-08 COLLECTIONS WERE 2 LACS.
IN DEC-08 REGISTERED WITH SERVICE TAX DEPTT UPON INSISTENCE OF A CLIENT THAT HE WILL GIVE WORK ONLY ON REGSITRATION WITH SERVICE TAX.
THIS CLIENT PAID SERVICE TAX ONLY ON 1 LAC.
BUT WE DID NOT COLLECT SERVICE TAX FROM OTHER CLIENTS.
COLLECTIONS FROM DEC-08 TO MARCH -09 ARE ONLY 3 LACS.
TOTAL COLLECTIONS IN FY 08-09 ARE 5 LACS.
NOW PLS ADVISE ON THE FOLLOWING POINTS:
1. SERVICE TAX IS PAYABLE ON ONLY ONE LAC PAID BY ONE CLIENT ? OR
2. SERVICE TAX IS PAYABLE ON 3 LACS FROM DEC-08 TO MAR-09 (FROM REGISTRATION DATE TO MAR-09)?
3. IN FY 09-10 WHAT WE SHOULD DO IF ONLY TWO OR THREE CLIENTS PAY SERVICE TAX OUT OF 10 CLIENTS ?
THANKS AND REGARDS
R.D.SHARMA
R.MURALI
(business)
(24 Points)
Replied 13 April 2009
service tax exemption limit for the yesr ended 31.03.2005 , 31.03.2006,31.03.2007,31.03.2008 & 31.03.2009 how much?
Kindly provide me
R.MURALI
(business)
(24 Points)
Replied 13 April 2009
service tax exemption limit for the yesr ended 31.03.2005 , 31.03.2006,31.03.2007,31.03.2008 & 31.03.2009 how much?
Kindly provide me
Amit
(ES)
(44 Points)
Replied 12 April 2010
Dear Sirs,
I am a businessman and need some clarity on my situation. I am into IT Support (Annual Maintenence Contracts)
I have a Service Tax Registration but have not been charging / paying Service Tax because I fall much below exemtion limits. My CA has been filing our returns every six months.
In 2008-2009 my Service Charges Invoicing was 4.5 lacs. Out of this Rs 85,000 was received in May 2009. No Service Tax was charged or paid.
In 2009-2010 my Service Charges Invoicing is Rs 10,10,000/=, and receipts are 8,90,000. No Service Tax has been charged or paid.
Out of this One invoice was for Rs 2,40,000/= dated Nov 2009. This is for an AMC from 01/11/2009 to 31/10/2010
So more than half the services under this invoice will be rendered in 2010-2011 . We were paid half yearly by the client. We received Rs 1,20,000/= in Dec 2009, and a balance 1,20,000/= is outstanding, and will be received in June 2010.
Now we have to file the 6 monthly return for the period 1/10/2009 to 31/3/2010
Are we liable to pay any taxes for this period ? Our Invoiced Amount was 10,10,000/= although the receipts were 8,90,000/= ? . We also received a payment of 85,000/= outstanding for Invoices from the previous FY 2008-2009.
For the Year 2010-2011 we have started charging Service Tax from the first bill in April 2010.
Any help would be greatly appreciated.
Regards
Amit
Live class on PF & ESI Enrollment & Returns Filing(with recording)