Hi,
My client has commenced business on 10/05/2012.
In first year of business the extent of turnover was not sure so Registration for Service tax was not taken. Luckily he did not cross the threshold in first year of business.
Now at the beginning of second year he was very sure that threshold will cross this year so in July-2013 he has taken registration and started collecting service tax form the bills issued July-2013 onwards. His 10 lac threshold is not yet crossed.
My question is that will he have to pay service tax on the amounts received for services rendered during April-2013 to June-2013.
Thank You
Namitha Shah
CAclubindia
