Hi All,
Would like to share my understanding on service tax registration on exempted services (other than exemption on small service provider)
Registration of Service Tax:
As per clause 3(2) of the notification.10/2008 "Any provider of taxable service whose aggregate value of taxable service in a financial year exceeds nine lakh rupees shall make an application to the jurisdictional Superintendent of Central Excise in such form as may be specified, by notification, by the Board, for registration within a period of thirty days of exceeding the aggregate value of taxable service of nine lakh rupees
Aggregate Value of Taxable Services:
“Aggregate value” means the sum total of value of taxable services charged in the first consecutive invoices issued or required to be issued, as the case may be, during a financial year but does not include value charged in invoices issued towards such services which are exempt from whole of service tax leviable thereon under section 66 of the said Finance Act under any other notification‟
Therefor, if an assessee whose service is exempt under say "Notification No.25/2012 - Mega Exemption" then he doesnt have to get a service tax registration till he enjoys that benefit.
Please share your views on my understanding.
Thanks,
Sandeep
CAclubindia
