I am working as Accounts Executive (company providing services in Information Technology) in a newly started company. We started doing invoices from April 2010.
I want to know whether we have to pay service tax next year because we did not cross 10,00,000.00 in the previous year, as Service Tax is exempt upto 10,00,000.00
Also i want to know how much and when we have to pay Service Tax this year ? Can i avail input Service Tax credit for the bills we got in previous year ?
CAclubindia
