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Applicablility of service tax

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(Querist)
05 March 2009

If receipt of any person during the exceeds 10 lakh rupees and has paid service tax on applicable rates.

If next year his receipts are below 10 Lakhs, whether he is liable to pay any service tax (assuming that limit of 10 lacs will remain same)

And again If next year if receipts exceeds 10 lakhs then what will be tax liability and whether he will be eligible for any exemption.

Thanks

SURESH
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CA LOKESH KASAT, FCA, M.Com

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CA LOKESH KASAT, FCA, M.Com (Expert)
05 March 2009 In such a case you when turnover are below 10 lakh, you should file return with a NIL service Tax. No exemption.
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Shyam Lal Naik

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Shyam Lal Naik (Expert)
05 March 2009 In the 1st Year, taxable receipts > 10 L
2nd Yr taxable turnover < / = 10 L

There is no exemption in 2nd year. You need to pay tax.

For claiming exemption, the previous year's taxable receipts should not exceed 10L. Current year's turn over is not relevant.
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