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registration and collection of service tax

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23 February 2011 A newly formed parnership firm would like to get service tax regitration and its taxable services would not cross Rs.9lakhs for the C.Y.2010-11. Does it need to collect service tax in the C.Y. on the entire taxable services or only after crossing Rs.10lakhs? How about the collection of Service Tax for the next C.Y.2011-12?
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CMA Ramesh Krishnan

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CMA Ramesh Krishnan (Expert)
23 February 2011 if you are crossing turnover Rs.10 lakh current year, you need to charge service tax from year 2011-12
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