Is service tax show in bill mandatory deposite
This query is : Resolved
sunil kumar
(Querist)
17 January 2014
Dear experts
my query is if a service tax bill is issued by service provider and he show 12.36% service tax in bill, his turn over is less than 10 lac in previous year and current year also , is he need to deposit service tax or apply 10 lac limit rule and no need to deposit same received tax
thanks in advance
my query is if a service tax bill is issued by service provider and he show 12.36% service tax in bill, his turn over is less than 10 lac in previous year and current year also , is he need to deposit service tax or apply 10 lac limit rule and no need to deposit same received tax
thanks in advance
Nikhil Kaushik
(Expert)
18 January 2014
dear friend,
if your turnover is less than Rs 10 lakhs, then you are not reqired to charge service tax. however, once it is charged then it should be paid to the government...you cannot retain it as you dont own it..
if your turnover is less than Rs 10 lakhs, then you are not reqired to charge service tax. however, once it is charged then it should be paid to the government...you cannot retain it as you dont own it..
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