How to calculate period

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Mallika Shah (Querist)
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12 May 2012 an assessee has registered under service tax for Restaurant services from Jan 2012.i.e. date of issue of certificate (registration)IS 02.01.2012.
then from which period he will have to pay service tax, i.e. from apr 11 or from date of issue of certificate.he is providing restaurant services from apr 2011.

CA Siddhartha Bhardwaj

CA Siddhartha Bhardwaj (Expert)
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12 May 2012 Assessee is liable to service tax when his gross receipts exceed Rs. 10 lakhs.

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Mallika Shah

Mallika Shah (Querist)
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13 May 2012 as this service has abatment of 70%,whether he will have to wait till the t/o reaches Rs.10 lakhs or it will start from Re.1

Mallika Shah

Mallika Shah (Querist)
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13 May 2012 as this service has abatment of 70%,whether he will have to wait till the t/o reaches Rs.10 lakhs or it will start from Re.1

CA Siddhartha Bhardwaj

CA Siddhartha Bhardwaj (Expert)
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14 May 2012 Abatement is applicable only when service tax is applicable.

And service tax is applicable only when the aggregate amount of billing crosses Rs. 10 lakhs.

Accordingly, there will be no service tax upto billing of Rs. 10 lakhs in this case.

After that service tax shall be applicable and benefit of abatement will also be available.

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