Service tax query

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

08 May 2013 SERVICE TAX QUERY :

Services T/o in FY 11-12 (PREVIOUS YEAR) – Rs. 70 lacs

The above services become taxable w.e.f 1st July 2012.

From July to Sept 2012 total Services = 10 lacs + 2 lacs = Rs. 12 lacs

Now in the above case Can the Threshold exemption upto Rs. 10 lacs be claimed under Notification NO.33/2012-ST dated 20.06.2012.???????

CA Vikas Acharya

CA Vikas Acharya (Expert)
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09 May 2013 YES IT CAN BE CLAIMED
as in that 10 lacs limit the only taxable is to be counted, hence old turnover as not taxable can not be counted.

see definition of AGGREGATE VALUE in the explanation portion of notification 33/2012,
where written that 10 lac does not include exempted service.