Payment of service tax

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Akshay (Querist)
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07 December 2011 After obtaining Service Tax Number on exceeding Gross Billing Rs. 9,00,000/-, is it compulsory to charge & pay service tax where the billing does not exceeds Rs. 10,00,000/-.

CA Siddhartha Bhardwaj

CA Siddhartha Bhardwaj (Expert)
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07 December 2011 Service tax is to be charged and collected only when the aggregate amount of invoices exceeds Rs. 10 lakhs.

The limit of Rs. 9 lakhs is relevant only for registration.

Akshay

Akshay (Querist)
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07 December 2011 Explain with example.

CMA Ramesh Krishnan

CMA Ramesh Krishnan (Expert)
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07 December 2011 Basic exemption need to be calculate with previous year turnover, once the turnover cross Rs.9 Lakh need to register, if your previous year turnover exceeding Rs.10 Lakh then you need to start charge service tax from current year for all the turnover

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