service tax

aniruddha (executive) (28 Points)

18 September 2010

Dear Vivek Sir,

Thanks for quick reply, up to how many years we can fill Nill Return.

Regards

Aniruddha

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ViveK (.) (312 Points)
Replied 18 September 2010

u can file nill return untill ur total income form services chargeable to tax doesn't exceed 10 lacs

and if it exceed 10 lacs service tax will be chargeable from next year

for example:-

Year 1 - Total turnover is 9 lacs

no tax

Year 2 - Total turnover exceed 10 lacs

tax shall be payable on the value which exceed 10 lacs (total turnover - 1000000)

Year 3 - Tax shall be applicable from day 1

Year 4 - If in year 3 total turnover doesn't exceed 10 lacs

then again no tax is applicable on services up to 10 lacs

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