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Service tax income limit

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Manjunatha S

Chief Operating Officer

24 Points Joined April 2012

I have started a consulting service recently (since last 3 months) and have charged my clients with pilot fee along with the service tax. As it is not a substantial amount (till 31st March ) which means that it is just about 1.2 lakhs. Should I be paying service tax ? If so what is the slab for paying service tax and how to get back if already paid.

regards

Manjunatha Seetharam

Replies (1)

Arun Alvares

CA Final Student

52 Points Joined November 2010

It seems you are under basic exemption limit to be liable to service tax.

Even though you have chargedservice tax from your client on the invoice kindly deposit the same within the prescribed time frame or at the earliest to avoid interest and/or penalty.