10 February 2010
We had registered for service tax thinking turnover would exceed Rs.10 lacs. But the turnover is only Rs.6 lacs. However, we have colelcted service tax to the tune of Rs.50000/-. Can we refund SERVICE TAX COLLECTED TO our clients and not pay thE SAME TO THE seRVICE TAX DEPARTMENT.
wE MAY NOT BE COMING UNDER SERVICE TAX EVEN FOR THE NEXT YEAR.