16 April 2012
If the total turnover of service tax provider is Rs.12,00,000/- in 2008-09, Rs. 15,00,000/- in 2009-10 and during 2010-11 if turnover is Rs. 9,00,000. In this case, since Rs. 9,00,000/- is below the exemption limit, then would the service provider be liable to pay tax for 2010-11 or will he be entitled to take the benefit of exemption limit of Rs. 10,00,000/-
17 April 2012
The availability of exemption in 2010-11 will depend on turnover in 2009-10. If it exceeds Rs. 10 lac then you are required to pay service tax even if turnover in 2010-11 is less than Rs. 10 Lac.
In your case turnover in 2009-10 is Rs. 15 Lac. Therefore, you have to pay service tax on Rs. 9 lac for 2010-11
17 April 2012
As your track record shows that you are covered in ST since past 2 years and for 2010-11 you must have collected ST accordingly you have to deposit the same to the department and file the return of your actual turnover.
CAclubindia
