I did service tax registration and have a service tax no. My turnover is NIL, till date and I am getting my first service job in march.
Do I charge 15% service tax on the bill amount? I plan to surrender my registration No as I am not able to generate any business recently?
Posted 1 year, 1 month ago by Neeraj bhagat
You need to charge service tax only if your receipts cross 10 lakhs. However below 10 lakhs its optional, but if you charge on one bill than you have to charge on all.
Regarding deregistration, do not migrate to GST it will be automatically deregistered.
Posted 1 year, 1 month ago by Rahul Rai
You need to be logged in to reply.