Service tax exception after service tax registration

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  1. Shekhar Kumar

    Shekhar Kumar New Member

    Hello All,

    We have started a company (Pvt Ltd) and our turnover is very less <4-5 lac per year. Now I know there is a tax exception upto 10 lac.
    My question is,

    1. Since we have made the service registration already, are we bound to pay service tax? (even the our turnover is very less )

    2. Sorry to ask the silly question, when you say exception, should we still file service tax with NIL ?

    Advance Thanks
    Shekhar
     
  2. Karan Batra

    Karan Batra Well-Known Member

    1. Yes, you can still claim exemption if your turnover is less than Rs. 10 Lakhs
    2. If you are claiming the exemption, you will have to file Nil return of income tax
     
    Shekhar Kumar likes this.
  3. Shekhar Kumar

    Shekhar Kumar New Member

    Thank you so much!
     
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