Dear Friends,
Can anyone tel me Who is called as Small Service Provider.?
What is the exemption limit for such Small Service Provider..?
EKALABYA TALUKDAR
(SERVICE TAX CONSULTANT)
(666 Points)
Replied 13 December 2011
.
TURNOVER IS LESS THAN 10 LAKH FOR A FINANCIAL YEAR.
.
Sanket
(!..Live to Give..!)
(16427 Points)
Replied 13 December 2011
A small service provider is a service provider whose value of taxable services in the preseding year was less than threshold limit, presently at Rs. 10 lakhs.
CA Ketan Waghela
(Partner at Elite Educare)
(356 Points)
Replied 13 December 2011
Service provider is a person providing an output service to some person taxable under service tax law. Taxable service has been defined in the law for all the services taxable.
A small service provider is a service provider whose value of taxable services in the preseding year was less than threshold limit, presently at Rs. 10 lakhs. (w.e.f 1.5.2008)
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