Exemption in service tax

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

08 December 2015 IN A FY, RECEIPTS EXCEEDED 10LKHS HENCE REGISTRATION UNDER SERVICE TAX WAS DONE AND SERVICE TAX CHARGED. IN THE FOLLOWING YEAR RECEIPTS WERE Rs 500000/- AND SERVICE TAX WAS CHARGED. IN THE 3RD YEAR RECEIPTS WERE MERELY 400000/-. IS THE PERSON LIABLE TO CHARGE SERVICE TAX???

CA CS Jainam Shah

CA CS Jainam Shah (Expert)
Follow

08 December 2015 Yes you are liable to charge service tax and pay to government.

Querist : Anonymous

Querist : Anonymous (Querist)

08 December 2015 But in the previous year the limit is not exceeding Rs 1000000/-

Upgrade to CAclubindia Pro. Subscribe Now!

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
Follow

08 December 2015 Not liable to charge service tax as during the previous year the service provided is less than 10 lacs.

Message likes : 1 times

CA CS Jainam Shah

CA CS Jainam Shah (Expert)
Follow

08 December 2015 In the first year service tax charged so you have charge service tax for lifetime.

Message likes : 1 times

Querist : Anonymous

Querist : Anonymous (Querist)

08 December 2015 Can you tell me the related notification or relevant section of finance act?

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
Follow

08 December 2015 As per notification 33/2012 ST Small service provider exemption can be claimed when during the previous year the taxable service not exceeded 10 lacs.

Message likes : 1 times

Querist : Anonymous

Querist : Anonymous (Querist)

08 December 2015 thank you

Upgrade to CAclubindia Pro. Subscribe Now!

CA CS Jainam Shah

CA CS Jainam Shah (Expert)
Follow

08 December 2015 Yes your are right. You are eligible for exemption in 3rd year as per notification no. 33/2012.

Message likes : 1 times