Service Tax Collection

This query is : Resolved

Hemal Parikh (Querist)
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03 July 2008 Hello,

Service Tax was not above 6 lacs in the previous year. So in the current year we can have a exemption limit upto 8 lacs. Please confirm?

I had collected 2 payment of April & May 2008 including service tax which is already paid to govertment. But want to confirm whether i can discontinue collection from June and Payment from June. Please confirm

Thanks,
Hemal Parikh

CA Anand Sarda

CA Anand Sarda (Expert)
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03 July 2008 In the previous year, if the total receipt is less than 10 lacs( Fin Year 2007-08) then in the current year( FY 2008-09), u need not collect tax upto 10 Lacs. But, Since u already collected for the 2 months, u need to continue collecting tax for the remaining months. U cannot discontinue it.