Service tax on turn over below 10 lacs
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
03 January 2014
Dear Sir
I had taken Service Tax Registration under " Manpower Recruitment Agency" in Dec 2013 now i have to do billing to customer & this is my first billing to customer so please advice me i have to charge service tax or not my turn over will go before march above 10 lacs
so please kindly advice on the same.
regards
Mohan Gaikwad
I had taken Service Tax Registration under " Manpower Recruitment Agency" in Dec 2013 now i have to do billing to customer & this is my first billing to customer so please advice me i have to charge service tax or not my turn over will go before march above 10 lacs
so please kindly advice on the same.
regards
Mohan Gaikwad
Nikhil Kaushik
(Expert)
03 January 2014
you can continue to claim exemption till the Rs 10 lakhs turnover is reached. However, the service receiver will have to pay his share of service tax under RCM.
CA Vikas Acharya
(Expert)
03 January 2014
start charging service tax only from that invoice which makes your turnover cross 10 lacs.
other invoices before that are not liable to be charged for service tax.
but in my personal view for better business, charge service tax from 1st invoice itself to avoid inconvenience to customer but its upto you. rule is as mentioned above.
other invoices before that are not liable to be charged for service tax.
but in my personal view for better business, charge service tax from 1st invoice itself to avoid inconvenience to customer but its upto you. rule is as mentioned above.
04 January 2014
agreed with Vikas's view.
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