18 November 2011
My client has been paying service tax since 2008-09. During the yrs 2009-10 & 2010-11 his turnover has been around 8 lakhs only and he was paying service tax on it. Is he liable to pay service tax for current year. Can he avail the benefit of basic exemption of 10 lakhs.
19 November 2011
No ask him to take small scale service provider exemption of Rs 10 lacs in the current year, since the amount of services rendered in the previous year was less than 10 lacs.
CAclubindia
