Service tax

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

27 February 2015 Dear expert.
i was not collecting Service tax due to having turnover below the exemption limit. but in FY 2014-15 in February my turnover is exceed the exemption limit. should i collect service tax now. or it will be applicable from next FY.

as i have above mentioned my turn over has been exceed the exemption limit in February
but can i avail ST input on bill paid from the beginning of this FY 1/4/2014.

CS,CA F,Numrologi TusharSampat

CS,CA F,Numrologi TusharSampat (Expert)
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27 February 2015 yes u must collect it now............

CMA. CS. Sanjay Gupta

CMA. CS. Sanjay Gupta (Expert)
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28 February 2015 Yes you should start collecting and paying Service Tax on amount exceeding Rs 10 Lakh.

Also check out in detail from link given below:

http://www.simpletaxindia.net/2012/09/service-tax-exemption-limit-who-can.html?m=1

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