A Partnership firm started in Fin.Year:2007-08. Service charges for Ist year Rs.7.50 lac & 2nd year ie., Fin.year 2008-09 Rs.8.75 lacs, Estimate service charges for 3rd year ie., 2008-09 Rs.11.00 lacs.
Service tax not collected during the Fin.years:2007-08 & 2008-09. Whether service tax to be collected during 2009-10 after crossing the service charges figure of Rs.10 lakhs
(or)
Whether service tax payable on entire service charges for the current fin.year or only on such amount which is in excess of Rs.10 lakhs.
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