Service tax less than 10 lac

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

15 October 2015 Hello Sir

I Have already service Tax Number But My Financial Year 2014-2015 Income Less Then 9 lac so i eligible to Pay Service Tax ? .

Trinadharao Adigarla

Trinadharao Adigarla (Expert)
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15 October 2015 Yes Eligible for pay service tax

RAHULSMITTAL

RAHULSMITTAL (Expert)
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15 October 2015 If your receipts are less then 10 laks in previous yr. Then you will get 10 lakh rs exemption in current yr also

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Querist : Anonymous

Querist : Anonymous (Querist)

15 October 2015 Yes sir my total turn over less then 10 lac so can i file nill service tax return

RAHULSMITTAL

RAHULSMITTAL (Expert)
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16 October 2015 Yes.. you can if you havenot charged or received service tax from your clients

Querist : Anonymous

Querist : Anonymous (Querist)

16 October 2015 Thanks a lot for the support sir....

RAHULSMITTAL

RAHULSMITTAL (Expert)
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16 October 2015 Your welcum. What makes you eligible for 10 lakh limit exemption is:
1. If you donot opt for large tax payer unit
2. If you have started business in current year.
3. If you had receipts less than 10 lakhs in previous year.

Querist : Anonymous

Querist : Anonymous (Querist)

16 October 2015 Hello sir,
I haven't paid last 4 Nill service tax return so i have to pay penalty and how much is this possible to exemption for penalty

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