Service tax exemption

This query is : Resolved

MOHIT KUMAR (Querist)
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17 November 2014 In FY 2014-15 we are covered in Negative list in first half only upto 30.09.2014.

from 01-10-2014 our service is taxable.

our october revenue around Rs. 35 lacs. can we claim exemption limit of Rs. 10 lacs or not.

can we can raise invoice without charging service tax amounting to Rs. 10 lac.

Please suggest me with reference to any notification / particular section.

CA Siddhartha Bhardwaj

CA Siddhartha Bhardwaj (Expert)
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19 November 2014 Yes you are eligible for Small Service Provider (SSP) exemption. You can avail the exemption & not pay service tax on the first Rs. 10 lakhs invoices.

You can raise invoice up to Rs. 10 lakhs without charging service tax.

MOHIT KUMAR

MOHIT KUMAR (Querist)
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19 November 2014 Thanx Siddharth.

Can u Please if u could.. give me any link/ Reference regarding this.