02 April 2013
If a service has been newly enacted as taxable service from 1-4-2013, what will be the value of taxable service provided in the preceding year.
Will it be nil as the service was not taxable? If so, shall small service provider exemption of 10 lakhs be available in current year?
Please advice. Are there any service tax faq or notification regarding this?
03 April 2013
U will have to see date with effect from which the tax is applicable. There is no need to figure out the value of services for previous year as it was not taxable. Small service provider,s exemption starts from the date service became taxable. Let me know which service u r talking about. Probably i'll be able to suggest u better.
03 April 2013
The tax is applicable from 1-4-2013 on the service. I am referring to air conditioned restaurants which was brought under service tax net recently. Is there a notification or explanation of the department regarding this?
CAclubindia
