21 August 2009
I am B.com graduate. Providing accounts writing services to partnership firm,pvt.ltd. co. & individual. Now if my gross receipt will increase above Rs.10 lacs, then shall i liable to charge service tax.
21 August 2009
Yes. If your receipts are exceeding rs.10 Lakhs then you have to collect service tax. However for 1st year you can collect for rs ten lakhs one onwards and from next year onwards you have to collect from re.1.
CAclubindia
