Tournover in return

Save Share

This query is : Resolved

ANAND (Querist)

19 October 2015 Sir,
one of assessee had registered under service tax and his tournover is 7.50 lacs whichis below taxable ,now weather under the return this tournver is shown or file the return with nill ?

Rajnish Singh

Rajnish Singh (Expert)

19 October 2015 Dear Sir,

As you know the minimum limit of turnover to take registration under service tax that is 10 lac. once you take the registration you need to charge service tax and discharge the liability to governemtn.

if your turnover is lesser than threes hold limit than you have to surrender you registration.

else you have to pay.

Please refer the registration chapter of service tax.

Thanks
Rajnish

Bhaskaran Chackrapani Warrier

Bhaskaran Chackrapani Warrier (Expert)

19 October 2015 Turn over to be shown in gross receipts and exemption columns, thereby the taxable turnover becomes ZERO. Exemption notification number also to be mentioned in the column provided in form ST-3.

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now