09 April 2009
IF I GOT REGISTERED IN SERVICE TAX VOLUNTARILY, THE LIABILITY FOR PAYMENT/CHARGED OF SERVICE TAX WILL START FROM FIRST BILL OR AFTER 10 LAKHS EXEMPTION LIMIT.
09 April 2009
If you feel that your services will cross 10 Lakhs during the year then you have to start billing from the first bill itself.
Otherwise at the end if it crosses 10Lakhs then you have to pay from the begining.
And as per service tax if your services cross 9 Lakhs you have to get it registered or if your estimated services will cross 10 Lakhs then you have to register.
12 April 2009
If your turn over(cumulative receipt for taxable services) is less than or equal to 10 Lakh in the previous year, you are eligible for the basic exemption.
In the current year, cumulative amount of successive receipts(not billing) upto Rs. 10L is exempt. The next receipts will be taxable.
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