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.
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.
27 February 2015
yes u must collect it now............
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:
https://www.simpletaxindia.net/2012/09/service-tax-exemption-limit-who-can.html?m=1
Also check out in detail from link given below:
https://www.simpletaxindia.net/2012/09/service-tax-exemption-limit-who-can.html?m=1
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