As per the Finance Bill, 2012, of Govt. of India, there have been vast changes in the taxation provisions relating to Service Tax. As per the new provisions, services of all types unless these have been specifically exempted in the negative list ( Vide Notification No.  25/2012-Service Tax Dated  20th June, 2012) , shall become chargeable to service tax. As a consequence, domain registration charges have also become chargeable to service tax.

The new provisions are applicable with effect from July 1, 2012

Tags:

Join Taxguru’s Network for Latest updates on Income Tax, GST, Company Law, Corporate Laws and other related subjects.

Join us on Whatsapp

taxguru on whatsapp GROUP LINK

Join us on Whatsapp

taxguru on whatsapp GROUP LINK

Join us on Whatsapp

taxguru on whatsapp GROUP LINK

Join us on Whatsapp

taxguru on whatsapp GROUP LINK

Join us on Whatsapp

taxguru on whatsapp GROUP LINK

Join us on Whatsapp

taxguru on whatsapp GROUP LINK

Join us on Whatsapp

taxguru on whatsapp GROUP LINK

Join us on Whatsapp

taxguru on whatsapp GROUP LINK

Join us on Whatsapp

taxguru on whatsapp GROUP LINK

Join us on Whatsapp

taxguru on whatsapp GROUP LINK

Join us on Telegram

taxguru on telegram GROUP LINK

Download our App

  

More Under Service Tax

2 Comments

  1. Vikram says:

    Yes you need to pay ST for every domain and hosting service but not on total value.

    Example:

    Purchase made – Rs 1,00,000.
    ST already paid – Rs 12,360.
    Total purchase bill – Rs 1,12,360.

    Sale Made – Rs 1,50,000.
    ST charged on sale – Rs 18,540.
    Total sale bill – Rs 1,68,540.

    Net ST payable by you – 18,540 – 12,360 = Rs 6,180.

  2. Rajat says:

    Hello, Thanks for the info…

    I wan to know what sort of tax is there if domain is resold.

    For eg, domain purchased xyz.com for Rs.500 with all taxes and then sold for Rs. 50,000

    Do I need to pay just Income Tax or any other?
    Thanks

Leave a Comment

Your email address will not be published. Required fields are marked *

Search Posts by Date

December 2023
M T W T F S S
 123
45678910
11121314151617
18192021222324
25262728293031