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service tax return

Tanvi (Student) (224 Points)

23 April 2010

a service provider is already registered and in the next year his income from services is rs.550000...

is he liable to pay service tax???

and what about return??

plz reply asap

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7 Replies

Ram Avtar Singh (Nagari Sultanpur U.P.Delhi) (14497 Points)
Replied 23 April 2010

if he is registerd with service tax then he is lible to pay service tax and file rturn half yearly. even Nil return to be file if there is no libility.

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Ashish Sharma (Service) (1028 Points)
Replied 23 April 2010

Yes Agree with Ram Avtar,

mention notification no. for exemption of small service provider in nil return.

sandeepverma (don't make exuse for study) (304 Points)
Replied 23 April 2010

yes you should file halfyearly ST-3 / if your service are not covered in than be you should file return on NIL amount bases

ViveK (.) (312 Points)
Replied 24 April 2010

exemption is based on previous years services provided(not on income)

if in the previous year services provided exceed 10 lacs than service tax will be paid on 550000.

in the next year, value of the services provided is exempt up to 10 lacs

vijaya Kumar (ADMINISTRATIVE MANAGER) (23 Points)
Replied 24 April 2010

from 01/04/2010 efilling returns online is mandatory for s.tax also.

plz ensure whether u r paying more than 10 lakhs or less u better file it in aces.gov.in site

thankq

vvk

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Padmanabhan Gopathy (Chareterd Accountant) (29 Points)
Replied 24 April 2010

Dear Mr. Vivek

Can u elaborate on what you said with reference from Service Tax Act/ Rules?

ViveK (.) (312 Points)
Replied 25 April 2010

Originally posted by : Padmanabhan Gopathy
	Dear Mr. Vivek Can u elaborate on what you said with reference from Service Tax Act/ Rules?

yes sir,(with due respect)

according to my knowledge a service provider whose total value of taxable services is less than 10 lacs in one year is exempt from payment of service tax.And exemption is based on preceding years turnover

for example:-

Year 1 - Total turnover is 9 lacs

no tax (but registration is required)

Year 2 - Total turnover exceed 10 lacs

tax shall be payable on the value which exceed 10 lacs (total turnover - 1000000)

Year 3 - Tax shall be applicable from day 1

Year 4 - If in year 3 total turnover doesn't exceed 10 lacs

then again no tax is applicable on services up to 10 lacs

(please correct me if i'm wrong)