service tax applicable or not
This query is : Resolved
14 May 2010
dear members,
i provided services during f.y. 2009-10 of rs. 9.5 lacs and got registered for service tax but as the services not crossed rs. 10 lacs i did not paid any service tax during last f.y. 2009-10.
now i want to know that services in current f.y. 2010-11 will be taxable from first bill or it is taxable only after crossing limit of 10 lacs.
kindly give reply in detail.
regards
mahesh heda
i provided services during f.y. 2009-10 of rs. 9.5 lacs and got registered for service tax but as the services not crossed rs. 10 lacs i did not paid any service tax during last f.y. 2009-10.
now i want to know that services in current f.y. 2010-11 will be taxable from first bill or it is taxable only after crossing limit of 10 lacs.
kindly give reply in detail.
regards
mahesh heda
14 May 2010
after registration this year you should charge service tax from Frist Bill
14 May 2010
Sir,
The first receipts upto 10 lac is exempt. Unless the recepit during the previous year, the service provider is entitled to the exemption.
The first receipts upto 10 lac is exempt. Unless the recepit during the previous year, the service provider is entitled to the exemption.
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