CA.Sonia (professional) (517 Points)
16 May 2013Dear All, Mr.X isole proprietor is into the Service Industry & has taken the Service Tax Regsitration Number but his Turnover doesnt Exceed Rs.10 Lakh which may take more 2 to 3 yrs in business. 1.Does he need to surrender the Certificate as his turnover doesnt exceed & he is not collecting the Service tax from the clients? 2.Does he need to file the Returns ? 3.Please refer with the Case Laws Relevant ? 4.Does he need to collect the Service Tax from clients? Thanks
Ankit
(CA, CS)
(3064 Points)
Replied 16 May 2013
Dear Sonia,
since he is not liable to ST, he may surrender the registration and may obtain re-registration when he becomes liable for ST on the basis of the turnover. till the time he holds the registration, he has to file the returns even if they are Nil.
no he need not collect ST is he is not liable. but, if still collected, then the said amount has to be paid.
CAclubindia
