Sankar N (Manager) (24 Points)
07 May 2014Sir
We have started our organisation (Accomadation & Restaurant) year last financial year 2012-13. During the year we made Income by way of Accomadation Rs.9.26 lakhs & through Sales at Restaurant Rs.32 lakhs. We have registered with Service Tax for Accomadation. Our doubt is whether we have crossed the limit of Rs.10 Lakhs in this year or not. What is the total turnover as per Service Tax whether Rs.9.26 lakhs or Rs.41.26 lakhs
Pavan.s
(Auditor & Tax Consultant)
(40 Points)
Replied 07 May 2014
JMS
(DY.MANAGER -COMMERCIAL)
(110 Points)
Replied 07 May 2014
If you show your turnover under one umberilla for A & R, then you are liable to service tax as you have crossed the threshold limit of Rs.10 Lakhs. If you show your accounts seperately for A & R, you need to get registered with ST for Restaurent sales and pay service tax whereas for accommodation not required to take registration since the turnover is still within the limit of threshold.
Regards,
JMS
Manish K.Gandhi
(Superintendent)
(966 Points)
Replied 10 April 2015
Turnover of all the service provided by one person at one place or more places required to be clubbed to ascertain service value.
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