Hi Tax Consultants
I have a Propritor Company registred with Service tax for last 3 yrs. we are doing business in IT services
we collected in 333000 in 2010 tax paid by the Company , 250000 in 2011and till we have another 200000 in 2012
please guide me we are exempted for under 10L scheme.
what is the amount to be deposited on the service charges.
thanks
Roopesh
you're exempted till you cross the barrier services amounting to value of 9 lacs and then you need to register....
after you've crossed the barrier in one financial year for 10 lacs, you have to charge s. tax to the clients.
that's it...
Service tax registration with below 10 L business liable to pay service tax
Roopesh
Gupta Sachdeva & Co. Chartered Accountants
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