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Service Tax Limit

This query is : Resolved 
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(Querist)
12 April 2008 Hi all,
I want to know if one professional person whoes annual income 9.80 lac (less than 10 lac limit) so, he did not take service tax from client & in the end of the year his annual reciept cross limit of 10 lac.

Then what he do?
Collect service tax from last client or our all client?
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Sheetal Metha

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Sheetal Metha (Expert)
12 April 2008 You have to collect Service Tax from clients.
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Sunil Dhiwa

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Sunil Dhiwa (Expert)
13 April 2008 Dear Ajay
The limit of Service tax for the Accputing year 2007-2008 is Rs. 8.00 Lac
& PRoposed 2008-2009 is Rs. 10.00 Lac

U have cross the limit
& u need to raised Debit note for the parties & ask for the service Tax
If u delay in payment of service tax then u r in big problem the panalty of service tax is 200% & additional interest
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