My query is about liability for paying Service Tax as a Service Provider (Proprietorship Firm, Recruiting Agency). Our gross receipts from services in FY 2012-13 execeeded Rs. 10,00,000/-. We started collecting and deposting ST @ 12.36% (during the FY) that day onwards. After FY 2013-14 total gross receipts form services provided (during the FY) was only Rs. 9,00,000/-. Please advise :
Whether we should continue collecting ST from service receivers. If not, then when are we liable to collect and pay ST ?
CAclubindia
