hello, i hope anyone out there can clarify some ST queries.....
one of my clients is eligible for SSI exemption as for the year 2012-13 as it is the first year of business
his business activity started from august 2012 and till march 2013 his total receipts with bills were nearly Rs 900000/-
but included in this 900000 is some odd amount of rs 30000/- on which service tax is collected.
my query is that is he liable to file return for the said period if yes than does the entire amount of rs 900000 is to be declared or only rs 30000/-.?
as per section 73A he has to pay service tax that is collected by him, there is no space in challan and in return to show payment with respect to section 73A.?
is the section 73A amount to be considered for calculation of SSI exemption.?
will section 73A restrict him to claim ssi exemption in this year that is 2013-14?
confused!!!
Regards
thank you
Ritesh Bafna
CAclubindia
