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Serive tax return

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28 April 2008 Service tax provider shouldnot collect and pay service tax if his gross billing is less than 8 Lacs for the year.Now Till February our billing is less than 8 Lacs and in march Bill from a special client was rs. 2 Lacs. Now we have to pay tax on different or whole billing?
Please guide...
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CA Hemant T Dewani

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CA Hemant T Dewani (Expert)
28 April 2008 if it is your first year for service tax then you will pay after deducting 8 lakhs and pay on balance amount & your collection is inclusive of service tax
if you collect service tax from your client then you will liable from rs.one collection as gross amount & you will liable to service tax from rs. one in the next year if your collection is greater than rs 10 lakhs
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