Ssi exemption

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

17 April 2013 My Taxable services in the Preceding Financial Year was Rs 12,00,000/- So I availed threshold exemption of Rs 10,00,000/- and charged on the balance and also paid the service tax on the same.

In the current financial year my taxable services was Rs 7,00,000/- so i charged the service tax and paid the same.

Now what will be the status of me paying service tax when in the next year my taxable services does not exceed 10,00,000/-. i.e whether i should avail the threshold exemption of Rs 10,00,000/- again or Shall i charge service tax on the whole amount.

Guest

Guest (Expert)

17 April 2013 u ll get exemption of Rs.10L. no need to charge service tax.