Total Receipts for the year exceeds 10 laks during the current financial year for my client, so i suggested my client to register for Service tax once his receipts crossed 9 laks, but my doubt is Whether 10 laks can be taken as a threshold limit and for the remaining recipt alone service tax is apllicable or for total receipts it is applicable? please clarify
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Service Tax - Urgent Please
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service tax applicable only exceed amount of 10 lakhs(for eg : your client receipts are 12 lakhs in the first year your client will pay 20600 in the name of service tax(200000*10.3/100)) its applicable only first year only .in subsequent years your client will pay service tax in total receipts
Thankyou Pavan Reddy
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