Exemption in case of turover below 10 lacs

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Soumya (Querist)
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23 July 2015 Hello experts,

If the turnover of an individual/firm is less than 10 lacs, he is not liable for service tax. However, he can still apply for a registration number. If he is not liable for paying tax, he should ideally not collect the tax from the customers. But by quoting a registration number, he can still collect the tax. Are there any provisions to prevent this type if misuse of tax?

Regards
Soumya

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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23 July 2015 Any tax collected even if the turnover is less than 10 lacs has to be remitted to Govt.

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