Service tax issu
This query is : Resolved
Rajkumar Arora
(Querist)
12 November 2015
Dear sir
we raise 2 bills on march 2015 first time with service tax amounting of Rs 300000.
and thereafter 250000 p.m with service tax.
my question is than when will be we liable for payment of service Tax.
pls suggest sir.
Thanks
CA R SEETHARAMAN
(Expert)
13 November 2015
You have to pay service tax during FY 2015-16 on value exceeding 10 lacs. From FY 2016-17 pay it on all amounts no exemption available.
Rajkumar Arora
(Querist)
13 November 2015
Thanks sir for suggestion. but actually sir all of bills mention above we raise bill with service tax. Possibility for any problem if we deposit tax exceeding 10 lac bills raise??
CA R SEETHARAMAN
(Expert)
13 November 2015
You have to deposit all service tax collected even it is below 10 lacs. You will face problem if service tax collected not deposited.
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