Applicability of service tax

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madan (Querist)
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22 April 2014 Hello,

I have two questions on Service Tax..

Q1. Turnover for the First year of registration is above 10 lakhs & duly paid.
In the 2nd year the turnover falls below 10 lakhs however as the service tax is collected therefore remitted.
In the third year the turnover falls below 10 lakhs and no service tax collected. Is there Service Tax Liability for payment?

Q2. In the 2nd year of registration is service tax applicable if the turnover is below exemption limit? In the above, state if the Service tax is collected only on part of the turnover?

KUMAR trp707@gmail.com

KUMAR trp707@gmail.com (Expert)
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22 April 2014 Q1 ) 3RD YEAR NOT APPLICABLE S TAX PAYMENT CAN AVAIL SSI EXEMPTION NOTIFICATION 33/2012ST & 08/2008

Q2) YES

madan

madan (Querist)
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23 April 2014 we have registered for service tax in Fin.Year 2011-12.
i) In Fin.year 2011-12 turnover is less than Rs.10 Lakhs but we have collected service tax and paid the same.

ii) In Fin.year 2012-13 turnover is less than Rs.10 lakhs.But on turnover of Rs.2 lakhs we have collected service tax and paid.But on other turnover of Rs.3 lakhs we have not collected service tax.

iii) n Fin.year 2013-14 turnover is less than Rs.10 lakhs and service tax was not collected and not paid.

My question is
a) Do we have to pay the service tax on turnover of Rs.3 lakhs where we have not collected.
b) for the fin.year 2014-15 we would like to retain the registration but would not collect the service tax on entire business as the expected turnover is less than Rs.10 lakhs.Is is possible?

Thanks in advance

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