Hello:-)I ve a query regarding Small Service Provider Exemption.The Act says if the gross turnover of a service provider is 10lakhs or less in any previous year,then in the current financial year he will be regarded as a Small Service Provider and no service tax needs to be collected on the invoices upto 10lakhs.It further says that any service provider may or may not avail this exemption.
Now,my query is that why wouldnt a service provider not avail this facility when he is entitled to.How would not availing the exemption be profitable/beneficial to him?
CAclubindia
