Registration query its very urgent
This query is : Resolved
26 June 2013
HI..
MY CLIENT WILL ISSUE INVOICE IN MARCH 2013 BUT WE WILL MAKE APPLICATION FOR REGISTRATION ON 15TH MAY.
WHAT I CAN DO KNOW WHETHER I WILL MAKE ONLY PAYMENT OF SERVICE TAX WITH INTEREST @ 1.5% PER MONTH
MY CLIENT WILL ISSUE INVOICE IN MARCH 2013 BUT WE WILL MAKE APPLICATION FOR REGISTRATION ON 15TH MAY.
WHAT I CAN DO KNOW WHETHER I WILL MAKE ONLY PAYMENT OF SERVICE TAX WITH INTEREST @ 1.5% PER MONTH
28 June 2013
As per Rule 3 of POT, st paid either invoice issued or amount received in advance which ever is earlier. Therefore, u have to pay interest from 1st April to till date of payment @ 1.5% per month.
You client eligible for Rs. 10 lakhs exemption if ST not collect from customer.
You client eligible for Rs. 10 lakhs exemption if ST not collect from customer.
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