Payment of service tax

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

05 April 2013 if a firm register under service tax after crossing limit of 10 lac amount of service tax.
how should it pay service tax ?
- on exceeding amount only or
- on full amount from beginning or
- it should pay for invoice raised only after registration ?

CMA Ramesh Krishnan

CMA Ramesh Krishnan (Expert)
Follow

26 July 2013 Rs.10 lakh exemption is based on previous year turnover.

Incase your turnover exceeds Rs.10 lakh current year you can claim till Rs.10 lakh exemption and charge service tax after Rs.10 lakh

but subsequent year onward need to charge from beginning