Urgent

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

26 May 2014 Dear Sir,
In fY 2013-14, total turnover of a service provided was Rs. 13 lacs and in fy 2014-15 his turnover would be around only 5 to 6 lacs.

Whether he has to collect and deposit service tax for the fy 2014-15
or
he can claim exemption for the fy 2014-15 as his turnover would be below 10 lacs.

Thanks and regards.

Nitin Bhuta

Nitin Bhuta (Expert)
Follow

26 May 2014 Service Tax needs to be levied, collected and paid for FY 2014-15. He can claim exemption for FY 2015-16 under the Notification No 33/2012.