NEW BUSINESS
This query is : Resolved
05 May 2011
WE ARE STARTING A NEW BUSINESS IN CONSULTING - THE BILLING WILL NOT EXCEED RS.8.00 LAKHS DURING THE CURRENT YEAR.WHETHER SERVICE TAX HAS TO BE COLLECTED ON THIS?
05 May 2011
No service tax is required to be collected.
05 May 2011
Dear Sir,
Thankyou for the prompt reply.Suppose if the turnover exceeds 10 lacs during the financial year, then should we start we collecting the service tax from the next billing onwards.In that case what about the previous bills where we have not collected service tax.Are we liable to pay.
Thankyou for the prompt reply.Suppose if the turnover exceeds 10 lacs during the financial year, then should we start we collecting the service tax from the next billing onwards.In that case what about the previous bills where we have not collected service tax.Are we liable to pay.
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