Can someone please clarify whether there is service tax for Senior Consultant(Information Technology) working on contract basis for a company. I will be installing and maintaining ERP(Enterprise Resource Planning) servers.The company will deduct 5.61% TDS. If there is service tax then what amount will come under service tax? Is it the total gross amount paid monthly including TDS amount? Can someone please clarify.
The total income will be over 4 lacs/annum. If the service tax is applicable is it only applicable for the amount in excess of 4 lacs. Say my total gross income is 8 lacs. Do I need to pay service tax for 8lacs or only 4lacs taking the exemption atleast for the first year. All the inputs are greatly appreciated.
I just wanted to clarify whether I have to pay service tax based on 1)Computer Maintanence or 2) Intellectual Property Service
Can Someone please clarify. I really appreciate your inputs.
Hi Dear,
Ans. to your queries:-
1) Service tax should be on total amount including TDS.e.g. amount [b]charged[/b] for servises Rs. 300000/- then S.T. should be paid on Rs. 300000/-.
2) As & when your turnover cross over Rs. 4 lacs, u should register with Service tax deptt. & start to charge service tax on bill. u r not insisted to deposit serivce tax on first Rs. 4 lacs.
3) In my view your services comes into maintenance services ( limited facts provided).
Ravi Teltia
CAclubindia
