Save Rs 588 on a 2-Year Ad-Free CAclubindia Pro Membership. Subscribe Now!

Service tax

Save Share

Join Us Follow Us Add as Source

This query is : Resolved

Report Follow Query Ask a Query

Querist : Anonymous

Querist : Anonymous (Querist)

16 September 2012 Sir,
Rightly, In the first year my turnover is Rs. 10,76,686/-for A.Y. 2011-2012 and we have not charged service tax from Service receiver and not load service tax in invoice issued can we avail exemption limit of 10 L up to turnover of Rs. 10 lacs for first year.

Experts Pl. give me reply soon

PUNEET GOYAL

PUNEET GOYAL (Expert)
Follow

16 September 2012 In your case you need to apply for service tax number within 30 days from the date when your turnover reached 9 lac if not applied or taken earlier.

As far exemption is concerned you can avail benefit of SSI exemption and need not to pay service upto rs. 10 lac.

However from next year you have to pay tax on entire amount.

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now