Liable to file service tax return

Queries 1820 views 3 replies

ranjitkarmakar

service

313 Points Joined May 2008

Respected Seniors

I have a client, they just started an Advertising Agency from 01/04/2012, and regsitered themself on Service Tax, suppose my client earn from first two quarter i.e. (01/04/2012 to 30/9/2012) Rs. 6 lace and last two quarter earn i.e. (01/10/2012 to 31/3/2013) 10 lacs,

My question is whether they claim exemption of Rs. 10 lac as this the first year of business, if the exemption was claimed, they need to file the Return for first two quarter, as they are in exemption limit, if till they have to file return on Oct 2012 how they will be file the return.

Please clarify the whole things. Thanks

Replies (3)

Prateek Agarwal

Sr. Executive - Finance & Accounts

1732 Points Joined February 2011

Since this is a First year of registration, then you can claim SSI exemption.

Also you have filed for registration, then you need to file return of income since it is mandatory to file return for all registered assessees.

Regards

Prateek

ranjitkarmakar

service

313 Points Joined May 2008

Thanks Prateek Jee for your quick reply, right now when my cleint raised bill to their customer Service Tax 12.36 will be added in thier bill or not, or my client will be wait till the turnover cross Rs. 10 lac limit.

According to your suggestion I have to file return for the period of (01/04/2012 to 30/9/2012) if the turnover is less than Rs. 6 lac it is mandatory, How I file the return in the column of Service Tax, Education Cess and Higher Education Cess, i only mentioned zero there, please clarify

Thanks

FinsQ

service provider

54 Points Joined January 2010

Ranjitkarmakar...

you can avail exemption for first 10lac biling...

For filling st return... show turnover 6lacs.. and subtract same figure us exempted value by using exemption notification 6/2005...!!