applicability of service tax

This query is : Resolved

ramanncharyulu (Querist)
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20 May 2009 Request you to clarify the following

A partnership firm is regd.under service tax running business beauty parlour , the annual turnover is between 7lac to 7.5 lacs for the last 5 years. No service tax collected as turnover is below 8 lacs
Please confirm if service tax is applicable

CA CS CIMA Prakash Somani

CA CS CIMA Prakash Somani (Expert)
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20 May 2009 If it is falling below the threshhold limit of Rs 8 lakhs no need to deduct ST.

Amrit

Amrit (Expert)
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20 May 2009 No Service Tax should not to be deducted as the turnover is below 8 Lacs...but the firm should have to take service Tax no. as turnover is near to 8 lacs and above 7.0 Lacs...as ur firm is registered there....so no legal issues anymore...!!!!

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