09 May 2014
DEAR SIR, ONE OF MY PRIVATE LIMITED COMPANY CLIENT ENGAGED IN WEB DESIGNING & SOFTWARE SERVICES AND OBTAIN SERVICE TAX CODE IN FIRST YERA I.E.2012-13 .COMPANY'S TOTAL RECEIPT IN F.Y.2013-13 WAS RS8.10 LAKH AND IN F.Y.2013-14 RS9.40 LAKH.COMPANY HAS NEITHER COLLECT ANY SERVICE TAX FROM CLIENTS NOR ANY SERVICE TAX RETURNS HAS BEEN FILLED YET.MY QUERY IN THIS REGARD IS AS :
1.WHETHER COMPANY CAN AVAIL INTIAL EXEMPTION LIMIT OF RS.10.00 LAKH
2.IF YES,WHETHER COMPANY HAVE TO FILE ITS SERVICE TAX RETURN ?
3.WHETHER ANY SERVICE TAX LIABILITY ARISE ON COMPANY ?