05 February 2015
An assesse has earned professional income as Writer and assistant Director in film for Ay 2011 12 amounting to Rs 640000, for Ay 2012-13 amount to Rs 17 lacs. In the Ay 2013-14 he had earned income of Rs 15 lacs he is liable to pay service tax but he took registration on date 15/07/2014 he won't be do earlier because of some circumstances.if he receive the entire service tax of earlier amount and pay the same to goverment whether he will be liable to pay interest or penalty if any..?? he is liable to pay service tax on receipt basis as he is below threesold limit of 50 lacs..please guide to me..???
CAclubindia
