Service tax confusion

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

07 February 2015 Dear Expert.
in FY 2013-14 my turnover was above 1000000/- that's why i have charges service tax from 01/4/2014 to 30/6/2014 i have charged 39700/- in deposited in govt A/C on 4/7/2014, ann in seceound Quarter i have charged RS.78256/- service tax and i have also deposited this amount in govt A/C on 3/10/2014 i have filled half year service tax return on 13/10/2014, after that in third Quarter i have charged 146780/- service tax and deposited the same on 3/1/2015, even in fourth Quarter i have charged 209514/- till today, and today i have realised that in this current FY my turn over will
not be exceed 1000000/-
and even in this current year i deposited
all service tax amount after availing input credit.till 31/12/2014 and also filled first half yearly return,

my Query is. this year my turnover will not be exceed 1000000/- and i have charged 209514/- ST amount, should i deposited this 209514/- after availing ST input In govt. a/c despited having turnover this year below 1000000/- or need to fill secound half yearly return or not, and also guide me, my turnover is below 1000000/- will i have to charged service tax even in FY 2015/16 or not.

PlZ. Reply as soon as possible because it's urgent....
(Thank in advance to all expert & member )

radhey shyam mangal

radhey shyam mangal (Expert)
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07 February 2015 Since your Turnover exceeded 10 Lacs in Year 2013-14, therefore you have rightly ST for FY 2014-15 and you have to charge and deposit the same till end of FY but if the Turnover is less than 10 Lacs in FY 2014-15 then You can avail ST Exemption in the Year 2015-16 till you reach 10 Lacs. You have to file ST3 for second half year.

Querist : Anonymous

Querist : Anonymous (Querist)

07 February 2015 dear sir
please tell me in details as per my above query.........

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CA Pavan Talreja

CA Pavan Talreja (Expert)
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07 February 2015 As per Service Tax Rules, if in the previous year, your turnover was more than 10 lakhs, in the current year you are liable to charge and pay service tax from Re.1 itself. Which you are correctly charging and paying. You will have to continue to charge and pay service tax till March 2015 and file returns as well. From April 2015 onwards, you need not charge and pay Service Tax till your turnover crosses 10 lakhs since in the previous year (2014-15) your turnover did not cross the 10 lakh limit. You will file first half yearly return in October 2015 and avail exemption under rule 33/2012.

Hope this answers your question.

CA Pavan Talreja

CA Pavan Talreja (Expert)
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07 February 2015 For availing the exemption, the previous year turnover is considered and not the current year.