Hi,

 

We are registered service tax ,since date of registration we haven't cross total turnover10 laks ..

Now we are going to surrender service tax no,we are liability to pay service tax so far what we are collected or its there exemption under total turnover lessthan 10 lakhs..

Kindly revert me

Regards

AMAR

 

Posted 9 months ago by AMARNATH M


You need not to pay service tax if your receipts were below 10 Lakhs.

Posted 9 months ago by CA Pulkit Sharma


Hi..

We are collected service tax from client ..turnovet lessthan 10 lakhs not liability to pay govet..

 

Regards

 

 

Posted 9 months ago by AMARNATH M


If you have collected from clients, then you need to pay along with interest and penalty. You need to pay service tax on all bills starting from bill on which you charged service tax first time.

Posted 9 months ago by CA Pulkit Sharma


Yes as told by Pulkit, Service Tax needs to be paid. To add on Interest rate of 24% is chargeable in case you collect & don't pay to government.

Posted 8 months, 2 weeks ago by Mukesh Jain CA


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