| Originally posted by :mukund | ||
| " | Q1 what is the meaning of turnover for service tax.... Q2 because do u need to register if total receipts exceed Rs. 9 lacs or bills raised by you exceeds Rs. 9 lacs? Q3. Can the benefit to ssp be claimed in the following case 1st year 800000 2nd year 1200000 3rd year 800000 4th year 1200000 fr the 4th year. |
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Dear Sir.
Rs 10,00,000.00 (TEN LAKH) is mentioned to save the TYNE SCALE SERVICE PROVIDER to exempt from the Service Tax net. Say a Small "Beauty parlour" whose Turnover is less then Rs ten lakh for a year, NO PROBLEM if it is nither registered with Service Tax nor collect Service Tax. But in the same status a "Beauty parlour" has registration and collect Service Tax. The second one has to Deposit the Tax Amount to the Authority. No mercy for the Below Ten Lakh Amount turnover in a year.
If the second one wants to discontinue the collection of Service Tax he has to surrender the Service Tax Registration and act like the first one.
CAclubindia
