CA.Sonia (professional) (517 Points)
16 May 2013
Dear All,
Mr.X is in to the Service Industry & has taken the Service Tax Regsitration Number but his Turnover doesnt Exceed Rs.10 Lakh which may take more 2 to 3 yrs in business.
1.Does he need to surrender the Certificate as his turnover doesnt exceed & he is not collecting the Service tax from the clients?
2.Does he need to file the Returns ?
3.Please refer with the Case Laws Relevant ?
4.Does he need to collect the Service Tax from clients?
Thanks
@sh jais
(live the life otherwise life leaves u.....)
(1539 Points)
Replied 16 May 2013
he need to file return only timely....
as his gross total income does not exceed 10 LAKHS he need not to collect any ervice tax from his client...
he can hold the certificate as when ever his GT will go beyond the limit he can use the same certificate...
Nirav Worah
(CHARTERED ACCOUNTANT)
(396 Points)
Replied 16 May 2013
| Originally posted by : CA.Sonia | ||
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Dear All, Mr.X is in to the Service Industry & has taken the Service Tax Regsitration Number but his Turnover doesnt Exceed Rs.10 Lakh which may take more 2 to 3 yrs in business. 1.Does he need to surrender the Certificate as his turnover doesnt exceed & he is not collecting the Service tax from the clients? 2.Does he need to file the Returns ? 3.Please refer with the Case Laws Relevant ? 4.Does he need to collect the Service Tax from clients? Thanks |
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