Service Tax on amount above Rs. 10 Lakhs?

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  1. Ambati2010

    Ambati2010 New Member

    turnover does not exceed the limit upto november but it exceeds the limit from december,then we have to pay service tax on turnover existed before november or not?



    please clarify

    Thanking You,



    Yours Faithfully
     
  2. nllohani

    nllohani Member

    If this is your first year when turnover exceeds 10 lac than service tax is payable on excess of 10lac.next year onwards you have to pay service tax from the first invoice itself.
     
    rudrabose likes this.
  3. rudrabose

    rudrabose Active Member

    In the first year, you would only be required to pay service tax on the amount which exceeds Rs 10 Lakh i.e. on the amt received from Dec onwards

    However, from next year - service tax would be applicable on the whole amt i.e. from April.
     
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