Sandeep Baraie (Chartered Accountant) (31 Points)
30 April 2012Hi,
One of my client has turnover below 10 lakhs. He has the service tax registration number.
But he is not collecting the Service tax separately in invoice as the turnover is within the limit of 15 lakhs.
Is it ok if he does not collect and pay the service tax since he is below exepmtion limit even though he has got the registration number?
Thanks in advance.
ABHISHEK
(Student)
(412 Points)
Replied 30 April 2012
small service provider
if in the previous financial year, service provided by him is below exemption limit........then he is not liable...
bt if service provided is more than exemption, then liable to pay tax.
it does not matter he has seperately collected tax or not
V K Bajaj
(Accountant)
(1540 Points)
Replied 02 May 2012
@ Sandeep
My knowledge says limit is Ten Lakhs and not Fifteen Lakhs.
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