18 February 2016
Dear experts We are a pvt ltd company and took service tax registration number as well. We are charging our clients service tax in our invoices for our services. Our turnover is not yet 10 lakh. My query is do we have to pay service tax which we collected before turnover of 10 lakhs
18 February 2016
Any Tax Collected has to be remitted with in the prescribed due dates. You could have waiting till reaching turnover of Rs.10 Lakhs. But you have not availed the SSI exemption limit and therefore you need to deposit the taxes in the prescribed code with in 6 th day of the subsequent month following the month of liability based on POT Rules 2011
CAclubindia
