Should tax be collected when st reg taken
This query is : Resolved
08 October 2015
Dear all
My client newly started service and he expected turnover will be 12,00,000 P.A so he has taken service tax registration
Now has he to collect service tax on bill value from the first bill onward? or can he wait? for up to 9,00,000
Because his turnover may not be crossed 10,00,000 in that financial year
Please clarify
My client newly started service and he expected turnover will be 12,00,000 P.A so he has taken service tax registration
Now has he to collect service tax on bill value from the first bill onward? or can he wait? for up to 9,00,000
Because his turnover may not be crossed 10,00,000 in that financial year
Please clarify
08 October 2015
Wait for crossing 10 lacs and charge service tax for service value exceeding 10 lacs. If it crossed during the year charge service tax next year from first bill.
08 October 2015
sir if 10,00,000 crossed in feb month then i no need to collect tax on march bills?
and i have to start from 1st April
is it correct?
and i have to start from 1st April
is it correct?
09 October 2015
No, you need to collect service tax on March bills and also from 1st April.
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