This entry was posted in Twitter on October 28, 2016 by twilight Ques for CA’s : If u know ur revenue will exceed 10lakh pa in a yr,can u start charging service tax even before applying for service tax no?
Reply ↓ b50 October 28, 2016 at 07:45 RT @twilightfairy: Ques for CA’s : If u know ur revenue will exceed 10lakh pa in a yr,can u start charging service tax even before applying…
Reply ↓ sj_here October 28, 2016 at 07:49 @twilightfairy No. You cant charge service tax without obtaining the service tax registration number. You can get registration voluntarily.
Reply ↓ gopibella October 28, 2016 at 07:54 @twilightfairy I consult with EY, which has a huge tax practice. U need to charge only when u hit ₹10l, they confirmed.
Reply ↓ Rishabh_kkr October 28, 2016 at 08:00 @twilightfairy No. You can’t charge ST without STN. You must get registered when turnover exceed 9L. As of now you have to pay ST with intt.
Reply ↓ SandeepMall October 28, 2016 at 08:02 @twilightfairy not a CA but logically No. You can only charge once you have number. You HAVE to take no. after 10L
Reply ↓ jsduggal October 28, 2016 at 08:04 @twilightfairy @b50 u cant collect tax before registration, as per rules if u believe ur turnover will cross threshold in FY u must register
Reply ↓ Rishabh_kkr October 28, 2016 at 08:10 @twilightfairy And few penalties for non filing of returns and non registration.
Reply ↓ hrsbhandari October 28, 2016 at 08:47 @twilightfairy @b50 first obtain ST registration and also req to charge only once tou have crossed 10L
Reply ↓ outwardlymaniac October 28, 2016 at 09:21 @twilightfairy you can obtain service tax registration at any point of time regardless of your turnover exceeds 10 lac or not..
Reply ↓ jayaraman_kal October 28, 2016 at 09:26 @twilightfairy My CA says split the invoices in multiple service provider names & never pay ST. He is a CA rank holder.
Reply ↓ billygoat116 October 28, 2016 at 11:16 @twilightfairy registration takes little over a week. And, if you will collect and pay to govt., then invoice as “applied for registration”
Reply ↓ MomayaBharat October 28, 2016 at 11:23 @twilightfairy Only a registered service provider is allowed to collect service tax from recipient of services. So answer is No.
Reply ↓ surekasuarj44 October 28, 2016 at 11:38 @twilightfairy there is no clause that u get STno only after you cross the limit of 10 lakh so u can get it bfre also and charge voluntarily
Reply ↓ girishmallya October 28, 2016 at 19:28 @twilightfairy nope, apply and charge. And then pay without fail
RT @twilightfairy: Ques for CA’s : If u know ur revenue will exceed 10lakh pa in a yr,can u start charging service tax even before applying…
@twilightfairy No. You cant charge service tax without obtaining the service tax registration number. You can get registration voluntarily.
@twilightfairy I consult with EY, which has a huge tax practice. U need to charge only when u hit ₹10l, they confirmed.
@twilightfairy No. You can’t charge ST without STN. You must get registered when turnover exceed 9L. As of now you have to pay ST with intt.
@twilightfairy not a CA but logically No. You can only charge once you have number. You HAVE to take no. after 10L
@twilightfairy @b50 u cant collect tax before registration, as per rules if u believe ur turnover will cross threshold in FY u must register
@twilightfairy And few penalties for non filing of returns and non registration.
@twilightfairy yes u can.
@twilightfairy @b50 first obtain ST registration and also req to charge only once tou have crossed 10L
@twilightfairy you can obtain service tax registration at any point of time regardless of your turnover exceeds 10 lac or not..
@twilightfairy My CA says split the invoices in multiple service provider names & never pay ST. He is a CA rank holder.
@twilightfairy registration takes little over a week. And, if you will collect and pay to govt., then invoice as “applied for registration”
@twilightfairy Only a registered service provider is allowed to collect service tax from recipient of services. So answer is No.
@twilightfairy there is no clause that u get STno only after you cross the limit of 10 lakh so u can get it bfre also and charge voluntarily
@twilightfairy nope, apply and charge. And then pay without fail