RE: [aurangabad_ca] SERVICE TAX QUARRY

Wednesday, March 3, 2010 4:29 AM By Livemail

 

Dear Mr.Anand

 

Thanks for information. For my personal record I require copy of the mention notifications. This is if not next year my professional fees are bound to increase Rs 10 lakhs. Is in current budget limit is extended?

 

Thanks  and Regards

 

 

CMA ROHIT J VORA

contact@rohitvora.com

09820217893, 09821713093, 91 22 28904515

 

From: aurangabad_ca@yahoogroups.com [mailto:aurangabad_ca@yahoogroups.com] On Behalf Of ANAND NAHAR
Sent: Wednesday, March 03, 2010 4:37 PM
To: aurangabad_ca@yahoogroups.com
Subject: Re: [aurangabad_ca] SERVICE TAX QUARRY

 

 

Dear Torkaji

 

Reply to Your 1st Query :- The Small Scale service providers must make the application for registration within 30days of the date in the Financial Year in which the aggregate value of taxable services exceeded Rs. 9 lakhs. So in your case, the assessee may opt to register himself after crossing the above limit. Also refer Rule read with section 69 & notification no. 26/2005 st dated 7/6/2005

 

Reply to Your 2nd Query :-    Assessee has an option to avail exemption from tax leviable on taxable services of aggregate value not exceeding threshold limit of Rs 10 lakhs. in any financial year subject to the fulfillment of the condition specified in the notification 6/2005 dated 1-3-2005. Hence in your case assessee can avail the exemption limit of Rs 10 lakh for current year as well as in any of financial year and tax have to charge on & above the taxable service of Rs. 10 lakh.

 

 

Regards,

 

CA Anand Nahar
 
Shah Khandelwal Jain & Associates
Chartered Accountants,
 
C-6 Balaji Apartment, Behind Hotel Kohinoor Plaza, Nirala Bazar, Aurangabad - 431101
 
Tel: +91 240 2345597
 
Email: anand @ skjglobal.net
 
web: www.skjglobal.net

 

Please consider the environment before printing this e-mail. 1 ton of
paper = 17 trees. Reduce. Reuse. Recycle.

 

 

----- Original Message -----

From: VASANT TORKA

Sent: Wednesday, March 03, 2010 3:34 PM

Subject: [aurangabad_ca] SERVICE TAX QUARRY

 

 

DEAR MEMBERS

I HAVE ONE SERVICE TAX QUARRY

- ONE OF MY CLIENT WAS REGISTERED UNDER SERVICE TAX , HOWEVER WHEN LIMIT INCREASE TO 10 LACS , HE SURRENDER THE NO 

- FOR F Y 2010 - 11 HE WANT TO RE REGISTER

- DURING F Y 2009 - 10 THE TURNOVER IS BELOW RS 9 LACS

 

QUARRY

- WHEN SHOULD HE APPLY FOR REGISTRATION , ON CROSSING THE LIMIT OF RS 9 LACS DURING F Y 2010 - 11 OR BEFORE 

- WHETHER THE BASIC EXEMPTION OF RS 10 LAC WILL BE AVAILABLE TO HIM,ie S TAX SHOULD BE CHARGED ON THE AMOUNT EXCEEDING 10 LACS OR BEFORE

 

REGARDS

V G TORKA

__._,_.___
Recent Activity:
DISCLAIMER
AURANGABAD_CA is a Yahoo Group for the benefit of CA and other professional. It is especially meant for written discussion within group members and circulate the information among its members. The mail may contain such research/advice/opinion/information/fact provided by any member or moderator and every contain of the mail or information of yahoo is always subject to the Accuracy and of the description of facts.

The Aurangabad_CA , its moderator/owner do not claim that contains in mail/information obtained after reading as a complete and accurate disclosure of relevant fact(s).

Considering all above facts m the transaction based on above mail may not complete without confirming  proper statue/authority/person. Therefore any action/transaction taken on basis of this mail do not imply the accuracy or value . Further this Group�s Owner/Moderator/Member  are not liable for any damages or costs suffered due to action/transaction based on information on this Yahoo Group.

For Seeking any Clarification you may mail only to  Group Moderator on
girishkulk@gmail.com

.

__,_._,___

0 comments:

Post a Comment

Subscribe to: Post Comments (Atom)