09 March 2011
Hello Friends, one my my client hav a partnership firm incorporated in F.Y. 2010-2011. Now in this financial year they raised invoices of Rs. 10.50 Lacs till date. i want to know the process of service tax. what is the full process of service tax application. whether they have to pay service tax on full amount from april to march 2011 or only difference amount means Total Ternover minus 10 Lakhs. if on difference amout than how we can recover the amount from our customers.