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This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

09 August 2012 Is it complusory for person holding service tax registration no. to charge service tax though his total turnover doesnt exceed Rs 10 lacs?

Amol S Joglekar

Amol S Joglekar (Expert)
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09 August 2012 in the starting year on 'financial year' on financial year' basis, one can claim exemption. Once the limit is crossed, he/she has to charge service tax. The exemption of 10 lakh is not on every year basis.

CA NIKHIL OZA

CA NIKHIL OZA (Expert)
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09 August 2012 No There is no need to charge S.tax But nil return has to be filed this is only obligation in case where regs. has been done but gross receipt din exceed 10laks

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