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Basic Exemption:

This query is : Resolved 
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(Querist)
21 April 2011 If an assessee starts a new business of Authorised Automobile service station and gets registered with service tax department. His taxable receipts during the Financial year is expected to exceed above Rs. 10.00 lacs, now :

a) Should he start charging & depositing the service from the bedgining ? or
b) Shouid he wait till the gross receipt exceeds Rs. 10.00 lacs. If Yes Would the receipts of first Rs. 10.00 lacs comes within the preview of the basic exemption.
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CMA Ramesh Krishnan

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CMA Ramesh Krishnan (Expert)
22 April 2011 you need to register and start charging service tax from the begining
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