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In the first year of service assessee received receipt of around 15 lakhs. In second year, he received receipt of 9 lakhs. What is his service tax liability?
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Service tax
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They have to start charging service tax from first year after crossing 10Lac limit and from next year assess have to charge service tax from the beginning.
| Originally posted by : Pankaj Arora | ||
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They have to start charging service tax from first year after crossing 10Lac limit and from next year assess have to charge service tax from the beginning. |
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Agree with Pankaj .......................in first year on Rs 5Lacs and In second year on Rs. 9lac
For the first year pay tax for the amount in excess of Rs.10 lakhs and for second year for the entire amount.
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