Please Help: Clarification on SSI taxability
Posted Date : 16-Apr-2012 , 12:53:39 pm | Posted By: Aashish Kumar Jain
Category :
Service Tax | Answers :
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Comments :
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Dear Sir,
One of my client has earned a commission income of more than 10Lacs(Rs.13Lacs) in financial year 2011-12.
He is enjoying the status of SSI till last year.
As their commission income exceeds 9Lacs we took the Service tax registration.
Now i am not clear that the liability of service tax is on whole 13Lacs or on a difference 3lacs(13-10) in this year.
Please help me out as soon as possible.
I am waiting for your response
Thanks in Advance |
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Answers:
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 Answer by: CA VIPIN GARG |
| Dear Ashish, the service tax liablity will be only on additional bills of Rs. 3 lacs (13-10).
Hope you got the answer you were looking for, have a nice day Ji..........
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| Answer by: Rishabh Upadhyay |
| Service tax is applicable from the time the amount exceeds Rs 10 lack. So only the excess portion ie. Rs 3 lakh is subject to service tax.
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| Answer by: Mrattunjay |
| liability of service tax is on a difference 3lacs(13-10) in this year.
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| Comments |
| Posted By : Sourabh Mehra |
17-Apr-2012, 10:37:55 |
| In financial year 2011-12 , service tax liability will be on rs. 3lakh only, but in the financial year 2012-13 ssi exemption will not be available |
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| Posted By : Sourabh Mehra |
17-Apr-2012, 10:37:36 |
| In financial year 2011-12 , service tax liability will be on rs. 3lakh only, but in the financial year 2012-13 ssi exemption will not be available |
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