19 October 2015
Sir, one of assessee had registered under service tax and his tournover is 7.50 lacs whichis below taxable ,now weather under the return this tournver is shown or file the return with nill ?
As you know the minimum limit of turnover to take registration under service tax that is 10 lac. once you take the registration you need to charge service tax and discharge the liability to governemtn.
if your turnover is lesser than threes hold limit than you have to surrender you registration.
else you have to pay.
Please refer the registration chapter of service tax.
19 October 2015
Turn over to be shown in gross receipts and exemption columns, thereby the taxable turnover becomes ZERO. Exemption notification number also to be mentioned in the column provided in form ST-3.
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