Payment of service tax
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
05 April 2013
if a firm register under service tax after crossing limit of 10 lac amount of service tax.
how should it pay service tax ?
- on exceeding amount only or
- on full amount from beginning or
- it should pay for invoice raised only after registration ?
how should it pay service tax ?
- on exceeding amount only or
- on full amount from beginning or
- it should pay for invoice raised only after registration ?
CMA Ramesh Krishnan
(Expert)
26 July 2013
Rs.10 lakh exemption is based on previous year turnover.
Incase your turnover exceeds Rs.10 lakh current year you can claim till Rs.10 lakh exemption and charge service tax after Rs.10 lakh
but subsequent year onward need to charge from beginning
Incase your turnover exceeds Rs.10 lakh current year you can claim till Rs.10 lakh exemption and charge service tax after Rs.10 lakh
but subsequent year onward need to charge from beginning
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