Service tax deduction

This query is : Resolved

Santhoshkumar Venkatachalam (Querist)
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01 July 2013 First year professional receipt cross 10 lakh rupees..so i have to collect service tax..next year receipts only 9 lakh rupees..what should i do now..?whether collect or not..?

CA UMESH DULAL

CA UMESH DULAL (Expert)
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01 July 2013 If you have registered with service tax then you can surrender the ST-2.

My suggestion for you is plz take consideration for next year turnover before surrendering ST-2

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Santhoshkumar Venkatachalam

Santhoshkumar Venkatachalam (Querist)
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01 July 2013 Sir,Last year i am a service tax (>10lakh)assessee..but current year receipts only 9 lakh.next year it will increase (>10lakh).this year whether i have to collect or not sir.?

CA UMESH DULAL

CA UMESH DULAL (Expert)
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01 July 2013 If you have service tax registration, you have to collect service tax whatever may be the collection till the service tax registration surrendered

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Santhoshkumar Venkatachalam

Santhoshkumar Venkatachalam (Querist)
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01 July 2013 Thank u sir..

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