We have service provider. still we have 5 Lacs income not crossed 10 Lacs income but we have registered our self in service tax department. Now, the question whether we have required to pay service tax and file service tax return. Please advice.
01 August 2016
Service tax provides for an exemption to small service providers who provide taxable services of a value not exceeding the specified limit. The specified limit is now ` 10 lakhs. In other words where the value of taxable services provided do not exceed ` 10 lakhs in the previous financial year, the concerned service provider would not be required to pay service tax upto receipts of ` 10 lakhs in the current financial year. The exemption is through notification 6/2005 ST dated 01.03.05 as amended from time to time
* NIL RETURN TO BE FILED IF YOU HAD REGISTERED WITH SERVICE TAX.
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