Service Tax Collection
This query is : Resolved
03 July 2008
Hello,
Service Tax was not above 6 lacs in the previous year. So in the current year we can have a exemption limit upto 8 lacs. Please confirm?
I had collected 2 payment of April & May 2008 including service tax which is already paid to govertment. But want to confirm whether i can discontinue collection from June and Payment from June. Please confirm
Thanks,
Hemal Parikh
Service Tax was not above 6 lacs in the previous year. So in the current year we can have a exemption limit upto 8 lacs. Please confirm?
I had collected 2 payment of April & May 2008 including service tax which is already paid to govertment. But want to confirm whether i can discontinue collection from June and Payment from June. Please confirm
Thanks,
Hemal Parikh
03 July 2008
In the previous year, if the total receipt is less than 10 lacs( Fin Year 2007-08) then in the current year( FY 2008-09), u need not collect tax upto 10 Lacs. But, Since u already collected for the 2 months, u need to continue collecting tax for the remaining months. U cannot discontinue it.
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