Previous year service tax liability
This query is : Resolved
06 October 2008
I am a professional person and driving the income from my profession. In previous two year I had leveled the service tax in my invoice same had been issue to customers.
Now current financial year I will able to get the actual payment from these customers.
My question is whether I should file the return after making the payment of service tax or any other way should relief me. If I get the receipt without service tax amount then ok for me or it will trouble for me.
In current year I will not cross the services tax limit Rs.10 lac.
Please guide me this matter.
Now current financial year I will able to get the actual payment from these customers.
My question is whether I should file the return after making the payment of service tax or any other way should relief me. If I get the receipt without service tax amount then ok for me or it will trouble for me.
In current year I will not cross the services tax limit Rs.10 lac.
Please guide me this matter.
06 October 2008
You have to deposit the ST amount for previous year in which your limit crossed,since it is beased on receipt basis so if you have received now deposit the ST.In cases where you have not charged in invoices you have to pay proportionate amount of service tax from your side
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