Serive tax return
This query is : Resolved
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...
Please guide...
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
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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