A is an Individual he is doing some service oriented bussiness. His
1st year turnover was 8L
2nd year was 12L
So he is liable to pay Service tax from the 3rd year onwards bcz his previous year's(2nd year) turnover exceeds threshold limit of 10L.
Q1 wheather he is liable to pay service tax on the 2L (12-10) ?? He wasn't charged any service tax on his invoice which were issued to his customers as he is not registered for ST.
Q2 when does he Registered?? during the 2nd year itsself or at the beginning of the 3rd year?
Q3. Is there any Sec for levying penalty for unregistered but he charged service tax in his Invoice from begining of the 3rd year ???
Please Guide me frnds.....
CAclubindia
