Service tax after threshhold limit
This query is : Resolved
11 August 2008
Dear All,
I have taken registration under the service tax governed by finance act. I want to know that should i charge service after thresh hold limit i.e Rs. 1000000/-or i have to charge servicce tax since begnining starting from 1 bill. If i am to charge service tax after Rs. 10 Lacs then if suppose my turnover is below Rs. 1000000/- for whole of the year. then what should i do? I mean filing of just NIl return or what or thereis any compliance to fulfill?
Please update me for the same.
I have taken registration under the service tax governed by finance act. I want to know that should i charge service after thresh hold limit i.e Rs. 1000000/-or i have to charge servicce tax since begnining starting from 1 bill. If i am to charge service tax after Rs. 10 Lacs then if suppose my turnover is below Rs. 1000000/- for whole of the year. then what should i do? I mean filing of just NIl return or what or thereis any compliance to fulfill?
Please update me for the same.
12 August 2008
the limit is Rs. 8 lacs not 10 lacs.
service tax is to be charged after 8 lacs.
if below 8 lacs - nil return is to be filed
service tax is to be charged after 8 lacs.
if below 8 lacs - nil return is to be filed
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