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Books of a/c maintained

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(Querist)
05 January 2013 If in Incometax if receipts less than 25lacs and in service tax receipts (Turnover) is less than 9lacs .then assessee should maintain books of A/c ??? then which law should he follow ????????


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Kaushik Vinod

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Kaushik Vinod (Expert)
06 January 2013 Dear Purvi,

Their is liability for registration if your turnover has crossed 09 lacs in any FY nothing is given in Service tax law to maintain the books of Accounts after 09 lacs limit.

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