I am renting immovable property for commercial purpose.
As per the service tax rule when the amount recd. exceeds Rs. 9 lakhs we have to apply for service tax registration no. And after exceeding Rs. 10 lakhs we have to charge service tax.
In my case upto Feb-10. I have received Rs. 9.45 lakhs & in the month of Mar-10. I recd Rs. 1.05 lakhs. It means In the month of February-10. I have to apply for Service tax registration & In the month of Mar-10. I have to charge service tax on Rs. 50000/=.
But unfortunately I forgot to take service tax registration and also charge service tax.
Now I am going to apply for service tax registration & will charge service tax from April-10. bills.
Now my querry is that 1.) For the delay of Service tax registration and for not charging of Service tax in the month of Mar-10 whether I have to pay fine & Interest? If yes how much? whether I have to pay it before or after mistake point out by the department.
2.) When I will apply for service tax registration in April-10. Can I pay service tax for March-10.
CAclubindia
