21 April 2015
Taxable value of a service provider exceeds the limit in two consecutive financial years (say in 2006-07 and 2007-08). In 2008-09 the value of taxable service was below the limit. Whther service tax liability is payable in a year 2008-09?
22 April 2015
The threshold exemption is available based on the turnover of the previous year. Since in 2007-08, the turnover exceeded the taxable limit, service tax has to be paid for the year 2008-09 even though the taxable services provided is below the limit.(Not. 8/2008 dated 1.3.2008)
CAclubindia
