About small service provider

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Ravi Hissaria (Querist)
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09 November 2011 Sir, I want to know who is small service provider & how can he claim exemption avilable to him & how can we show this excemption in ST-3 form

PUNEET GOYAL

PUNEET GOYAL (Expert)
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12 November 2011 As i know the term small service provider has not been defined under Finance Act 1994 but As per NN 6 dated 01.03.05 last amended by NN 8 dated 01.03.08 CG exempts values of taxable services upto 10 lac rupees from payment of service tax if the value of taxable services rendered in preceding financial year does not exceeds rs. 10 lac.

We should take an example. Suppose in fy 09-10 value of taxable services rendered was rs 9 lac and in fy 10-11 it is 12 lac. In that case assessee need not to collect and pay tax on initial rs 10 lac in fy 10-11. And only on rs. 2 lac tax is required to be paid. As far as form st-3 is concerned. I think in point C of ST-3 you should mention the above notification and in gross amount received show only rs 2 lac.

Ravi Hissaria

Ravi Hissaria (Querist)
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19 November 2011 Sir Now I want to know that on late payment of service tax interest rate is applicable 15% for small service provider(turnover not exceeds 60 lacs in a financial year)& 18% on others assesses it means defination of small service provider is different here in case of
late payment of service tax

PUNEET GOYAL

PUNEET GOYAL (Expert)
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19 November 2011 Here there is no definition of small service provider. Only limit has been fixed by the Govt. for providing benefit to the service provider. And we can in general language say that they are small service provider for the applicability of above provision.

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Ravi Hissaria

Ravi Hissaria (Querist)
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19 November 2011 Thanks Sir for your suggestion on this topic

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