One of our client has failed to make service tax registration but has filed the return for PYr 08-09 whose turnover is above Rs.9lacs but below Rs.10lacs
The turnover of above Rs.9lacs includes provision income which is accrued only for Pyr 09-10 since they follwed cash basis accounting.
So whether it is advisable to file the revised return by reversing the provision so that turnover falls below Rs.9lacs or to register for service tax?
How ever during the year the turnover has exceeded Rs.9lacs
My query is service tax registration has to done within 30days from the turnover exceeds the threshold limit...??
So from what date i need to register for service tax and what will be the consequence for non registration within the stipulated time..
CAclubindia
