Applicabilicity of ST

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

08 May 2010 One my client has charged service tax on the services provided by him, on the estimation that turnover of the year will exceed to 10 lacs but in fact his turnover was below 10 lacs so now will he required to deposit Service Tax to the Department.

CMA Ramesh Krishnan

CMA Ramesh Krishnan (Expert)
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08 May 2010 once the service tax charged and collected you need to deposit the same and Rs.10 Lakhs thershold limit calculation is turnover of previous year. suppose FY 2009-10 your turnover exceeds Rs.10 Lakh you need to start service tax FY 2010-11. you collected the service tax you deposit the same

CA. BIJENDER KR. BANSAL

CA. BIJENDER KR. BANSAL (Expert)
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08 May 2010 AGREED WITH MR. RAMESH.
YOU HAVE TO DEPOSIT SERVICE TAX COLLECTED FROM CUSTOMERS.

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