Thank you for responding Parmita! I do appreciate it. ur quick response.
Right from the beginning, my local accounting service suggested I charge Service tax and then file for returns quarterly as required. This is a new proprietorship so my annual income is less than 10 lacs.
So my clients have been taking TDS and depositing it. So for example, if my bill was Rs 1000. I would invoice them Rs 1123.60, including ST - (12.36% of 1000). Then they would take a TDS of 12.36% so I get a payment of Rs1000 approximately.
My clients ask for a PAN or ST number so they can deduct TDS. Do I have any claim to that money? I guess at the moment I'll take the 33/2012 and file a nil return should the gross amount of income less than 10 lacs.
Should I be doing differently since my income in less that 10 lacs annually at the moment?
Thanks for your valuable guidance!