Charging point of service tax

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

15 October 2013 I am a registered service tax assessee but not charging service tax, due to small service provider exemption. This year in October my billing has crossed 10 lakhs but receipts are still below 10 lakhs. So, when should I start charging service tax(On bill above 10 lakhs or on receipt above 10 lakhs)?

Thanks in Advance

@VaibhavJ

@VaibhavJ (Expert)
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15 October 2013 Hi

Yes, you should charge service tax since before 31.3.2014 your collection would also increase 10L limits.

Thanks//VaibhavJ

RENGARAJ R.K

RENGARAJ R.K (Expert)
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15 October 2013 It is not receipt basis. It is invoice basis. So, you are supposed to register yourself once you cross 9 lacs and inform the department.

Better to register and start collecting service tax in your bills.

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@VaibhavJ

@VaibhavJ (Expert)
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15 October 2013 Hi

Upto RS. 50 lakhs Individual & Firm can follow receipt based method.

Thanks//VaibhavJ