20 March 2017
If any proprietor is providing service to any Pvt Ltd Company first time. He raised an invoice of 75000. Is any TDS is deducted from his invoice? And liability of service tax will start after crossing 10,00,000 ;or service tax liability will start from from next year(From April) after completion of financial year?
When proprietor will become liable to pay Service Tax?
A person is required to pay service tax only when his services in previous year exceeds Rs. 10 Lakhs but registration is required when service are provided for more than Rs. 9 lakhs.
In your case service tax is not applicable because as you have mentioned that this is your first invoice
20 March 2017
Should I Liable to pay Service Tax from next year as 10lakh limit is only for 1 year? and TDS should be deducted u/s 194J @10% or u/s 194c @ 1%?
CAclubindia
