Please Help: SERVICE Tax
Posted Date : 13-Dec-2013 , 12:40:10 pm | Posted By: SHASHI RANJAN
Category :
Service Tax | Answers :
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Comments :
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In a old business if service are rendered Rs.960000 and next bill are raise to Rs 60000 then service tax payable by which amount ( if these business are new concern then answer are differ or not ) |
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Answers:
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 Answer by: Shankygarg |
| If the invoice is issued by the old business , then the service provider has to pay service tax on the amount of RS.60000.
If invoice is issued by new entity, new service tax reg. number will be required & again limit of RS.10 Lakh Will apply.
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| Comments |
| Posted By : SUBHASH KUMAR JHA |
16-Dec-2013, 05:37:34 |
| If Service provider is old concern : -
Check wheather value of taxable service exceed Rs.10,00,000 in immediately preceeding year , if exceeding then pay service tax on 9,60,000 + 60,000 otherwise u need to pay service tax on Rs.60,000 only.
If Service provider is new concern : -
pay service tax only on Rs.60,000
don't need to pay service tax. |
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