Is the Assessee required to collect service tax even if his turnover less than 5 lac..
he has service tax number and is he required to file service tax returns???
2 Replies
vikas
(student )
(139 Points)
Replied 07 August 2013
hi dear
it is required to file the service tax return . and u can collect the service tax from service receiver .
CA LOVELY ARORA
(C.A. B.Com (H) Graduate)
(2151 Points)
Replied 07 August 2013
Dear Varun,
you are not required to collect and pay service tax... and also, not required to file S.T. Return, as you can very well claim SSP exemption which allows you to pay service tax only for the amount exceeding Rs. 10 lacs.
Kindly read sec. 68 and sec. 70 for the same, along with SSP exemption notification.
Best regards,
CA Lovely Arora
ca.lovelyarora @ gmail.com
+91-9891400405
Recent Topics
- DIR 3 Web KYC
- Can i declare LTCG income as business income if I
- Stock entry in new software
- I have an EMI collection shop, what is its SAC cod
- Making payment once in quarter possible under QRMP
- Master File Documentation related
- Applicability of 44AD needs clarification
- ITC reversal in GST 3B
- Claim if ITC on stocks 19-2020 conversion from com
- Urgent doubt on GST
Related Threads
CAclubindia
