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Exemption to small service providers

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Querist : Anonymous

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Querist : Anonymous (Querist)
15 April 2013 Dear sir,
As per notification no. 33/2012 dt. 20/06/2012 that "it is necessary in public interest so to do, hereby exempts taxable service of aggregate value not exceeding 10 lacs Reupees in any financial year form whole of service tax leviable thereon under section 66b if said financial year"
if a service provider have following gross receipts in given financial year..

F.Y. 2010-11 Gross receipts Rs. 11,00,000/-
F.Y. 2011-12 Gross receipts Rs. 8,00,000/-

My Query is that, is he liable for payment of service tax for Financial Year 2012-13 if his gross receipts is Rs. 5 lacs?

please resolve it ASAP

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Guest

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Guest (Expert)
15 April 2013 No, coz ur gross receipts is below 10 Lakhs.
therefore u need not to charge s. Tax n deposit the same.


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