Ref: Service tax

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  1. Moyna

    Moyna New Member

    Hi

    I came across the write-up " all about service tax...". It was very helpful. I have a few clarifications. I am a consultant and have started my services on June 1st 2016. The total value of my services will be 10 lakhs only after 8 months or so. Please clarify- a) if I need to pay ST only after the value is 10 lakhs. b) Will the amount of ST be prorated from June for all the 8 months or do I need to pay whatever is the value every month from lets say the 9th month. c) Does this also mean that I collect ST from my client only after the value reaches 10 lakhs and not before that?
     
  2. SUNNY NARANG

    SUNNY NARANG Member

    You need to apply registration with in 30 days when turnover exceeds Rs 9 lakhs. You need to charge service tax on invoice after turnover crossed 10 lac limit
     
    Moyna likes this.
  3. Moyna

    Moyna New Member

    Thank you for clarifying the same
     
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