Service tax
This query is : Resolved
31 May 2013
Helo.
If my turnover has crosses in 1st year more than Rs.50 lac than I want to maintain the books as per merchantile butif my turnover has not cross Rs.50 lacs in 2nd year than can I maintain as per cash a/c or not.If,yes than their is any documents or else to submit anywhere.
Helo.
If my turnover has crosses in 1st year more than Rs.50 lac than I want to maintain the books as per merchantile butif my turnover has not cross Rs.50 lacs in 2nd year than can I maintain as per cash a/c or not.If,yes than their is any documents or else to submit anywhere.
CMA Ramesh Krishnan
(Expert)
29 July 2013
Books of accounts method need to apply and maintain consistently, cannot be changed year over year
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