Basic exemption

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

01 December 2014 Dear Experts,

The assessee is filing service tax return on receipt basis. In current year, he received fees outstanding for previous year on which he paid service tax and filed return for the first half year of FY 2014-15.

His total fees received in the previous year was less than 5 lacs. In current year also he has received less than Rs. 1 lac uptil now which was pertaining to services rendered in previous year.

Due to indifferent health, he is providing services only occasionally and may receive some fees which will not be beyond the threshold limit. He has recently given his residential flat on Leave License from which he would be receiving rent of appx 12000 p.m. Is he required to amend his certificate for rental services?

Should he continue to register with Service Tax, can he claim basic exemption in his second half return?

Or he should surrender the registration certificate? If he surrenders, is he required to file service tax return till the time cancellation is done by the Department?

Please guide

Amol S Joglekar

Amol S Joglekar (Expert)
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01 December 2014 If he is sure of his ill health, let the registration be surendered/cancelled.

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