07 December 2012
nagar palika is registered as a service provider in service tax department in terms of renting the immovable property and sale of space for advertisement the total receipt from this is less then 10 lakhs limit then what is the liability of service tax we have nor charged any service tax from our receipeint.
Till you doesnt exceed 10 lacs limit no need to charge ST to your cutomers, once it crosses 10L you have to charge ST in currnt year & next year from the begining of the finacial year.
If current year value of services is les then 10 L then in next year aslo no need to charge ST.
Thanks//Vaibhav Revert for more clarity. Use thank button to convey your appreciation.
CAclubindia
