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312 Points
Joined April 2008
u can file nill return untill ur total income form services chargeable to tax doesn't exceed 10 lacs
and if it exceed 10 lacs service tax will be chargeable from next year
for example:-
Year 1 - Total turnover is 9 lacs
no tax
Year 2 - Total turnover exceed 10 lacs
tax shall be payable on the value which exceed 10 lacs (total turnover - 1000000)
Year 3 - Tax shall be applicable from day 1
Year 4 - If in year 3 total turnover doesn't exceed 10 lacs
then again no tax is applicable on services up to 10 lacs