Charging point of service tax
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
15 October 2013
I am a registered service tax assessee but not charging service tax, due to small service provider exemption. This year in October my billing has crossed 10 lakhs but receipts are still below 10 lakhs. So, when should I start charging service tax(On bill above 10 lakhs or on receipt above 10 lakhs)?
Thanks in Advance
Thanks in Advance
15 October 2013
Hi
Yes, you should charge service tax since before 31.3.2014 your collection would also increase 10L limits.
Thanks//VaibhavJ
Yes, you should charge service tax since before 31.3.2014 your collection would also increase 10L limits.
Thanks//VaibhavJ
15 October 2013
It is not receipt basis. It is invoice basis. So, you are supposed to register yourself once you cross 9 lacs and inform the department.
Better to register and start collecting service tax in your bills.
Better to register and start collecting service tax in your bills.
15 October 2013
Hi
Upto RS. 50 lakhs Individual & Firm can follow receipt based method.
Thanks//VaibhavJ
Upto RS. 50 lakhs Individual & Firm can follow receipt based method.
Thanks//VaibhavJ
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