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Service Tax Liability, Service Tax |
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Service Tax Liability |
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I am expecting this year my rental income from commercial property will cross ₹ 10 lac. My liability starts from the date I cross the limit or from the date of agreement i.e fist april 15. Posts / Replies Showing Replies 1 to 1 of 1 Records Page: 1
Service tax registration liability arise when limit exceed rs. 9 Lac and liability to pay tax arise when limit exceed rs. 10lac. So your liability will arise from the date limit exceed rs. 10 lac. You have to pay the tax on amount exceeding rs. 10 lac. eg. in 2015-16 amount of taxable service becomes 15 lac, then you have to pay the tax on 15-10=5 lacs Regards Page: 1 Old Query - New Comments are closed. |
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