28 January 2013
the assesse can claim exeption of 10 lacs., but as he has collected the service tax., it is irrelevant whether he avails exemption or not., as he has collected he has to pay the collected amount
28 January 2013
sir, i know if he collects, he has to pay. I again repeat, he has already paid this tax.
i am trying to claim exeemption for 2nd service of his ( brokerga on cloth business; his 1st service of rent he has already paid tax as he had collected).
my question remains - "wont the 2nd service also have to pay tax because of this rule :- once if assessee pays, he cannot claim 10 lac exemption."
28 January 2013
if he wants to claim exemption, why he is charging tax.. if he didn't charged any amount in bill, than is there someone who is paying more amount than charged
28 January 2013
that is the point.. it is clearly written in the statue that exercising the SSP exemption is ir-reversible once exercised one can not revert it... you know your answer ( don't know mr. bhargava's logic, hence can't comment)
29 January 2013
friends the exemption of SSP is that., the turnover is not exceeding 10 lacs in the previous year., if any year ., the turnover exceeda 10 lacs., then for next year., the service provider has to collect from first rupee., and if for that year., if the turnover is less than 10 lacs., then he can claim exemption for next year., it is not a irreversable case.,
CAclubindia
