tax liability

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salman shamsi (Querist)
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28 June 2011 i want to ask if any company has taken registration before crosing 10 lakhs and charges service tax on some of its bill which he has collected also and on other bills he does not charge service tax.

now question arises that the company has not crossed 10 lakhs even though it has collected service tax on some of its bills while on other bills it has not collected,what should be the tax liability:

(a)it should pay tax equal to collected (say on 200000 lakhs it has collected 20000+3%)

or

(b)
on total turn over say six lakhs

Bhaskaran Chackrapani Warrier

Bhaskaran Chackrapani Warrier (Expert)
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28 June 2011 Since decided to collect tax with in the threshold amount, u have to collect and pay ST on Rs. 6 lacs and not on Rs.2lacs.

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