Service tax Registration

This query is : Resolved

ramanncharyulu (Querist)
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15 May 2009 Sir,
Sub:Registration of Service tax

A Partnership firm started in Fin.Year:2007-08. Service charges for Ist year Rs.7.50 lac & 2nd year ie., Fin.year 2008-09 Rs.8.75 lacs,
Estimate service charges for 3rd year ie., 2008-09 Rs.11.00 lacs.

Service tax not collected during the Fin.years:2007-08 & 2008-09.
Whether service tax to be collected during 2009-10 after crossing the service charges figure of Rs.10 lakhs

(or)

Whether service tax payable on entire service charges for the current fin.year or only on such amount which is in excess of Rs.10 lakhs.

annapurna

annapurna (Expert)
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15 May 2009 As per my view, in case it is estaimated to cross ten laks then it has to be collected from one rupee.

Bhaskaran Chackrapani Warrier

Bhaskaran Chackrapani Warrier (Expert)
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15 May 2009 In the year 2009-10 you need to collect and pay service tax only on the amount which is in excess of Rs.10 lakhs.

Deepak Goel

Deepak Goel (Expert)
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15 May 2009 I agree with Warrier

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