13 July 2010
Sir i wnat to know in case of professional assesee whoes receipts are of Rs. 9.60 lacs excluding service tax, if service tax (ST) added then exceeds 10 lacs. however he is a registered under ST and follow the separate accounting for receipts & ST, then he is liable to get his a/cs audited u/s 44AB
14 July 2010
According to me, yes. Service tax collected by you is as much part of the receipts that it cannot be given a special treatment. It forms part of the gross reciepts. You can draw analogy from the Supreme court decision in Chowringee's case.
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