24 July 2011
hello, i open a restaurant & Bar with (AC cooling), and my sales in 4 months 8 lac,so am i liable for pay service tax or exempted for upto 9's lac sales amount,
24 July 2011
Exempted up to Rs.10 lacs. When the turnover crosses Rs. 9 lakhs take registration, collect and pay tax as and when turnover crosses Rs.10 lacs.
24 July 2011
But as the service is taxable from 1st of may, therefor the amount of 10 lacs should be calculated after 1st of may. So sales for the month of april will not be taken into consideration.
CAclubindia
