Collection Liability
This query is : Resolved
01 December 2009
Dear Sir,
One of my Client got Service Tax Registration from Department for the FY 2008-09, eventhough Turnover was not exceed Rs 10,00,000/-.
This year he is expecting that Turnover may arise uo to Rs 12,00,000/-. Is he liable to deduct ST on service rendered to his Clients or can he skip from collecting ST up to the limit of Rs 10,00,000/-.
One of my Client got Service Tax Registration from Department for the FY 2008-09, eventhough Turnover was not exceed Rs 10,00,000/-.
This year he is expecting that Turnover may arise uo to Rs 12,00,000/-. Is he liable to deduct ST on service rendered to his Clients or can he skip from collecting ST up to the limit of Rs 10,00,000/-.
02 December 2009
Pr yr value of services if less than 10 lakhs then there is no liability upto 10 L in the current year. Once it exceeds ST has tobe charged.
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