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
You need not to pay service tax if your receipts were below 10 Lakhs.
We are collected service tax from client ..turnovet lessthan 10 lakhs not liability to pay govet..
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.
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.