Exemption availability to small service provider

Save Share

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

25 February 2012 Hi Experts
I have a question about Service Tax
a company whose aggregate value of taxable service in the previous year does not exceed Rs. 10,00,000 but he charged Service Tax from the client and the same he has depoisted to the Central Govt. A\c now this year upto Jan'12 his aggregate value of taxable service is Rs. 2,00,000 and again he charged Service Tax from the client and the same he has depoisted to the Central Govt. A\c. now i want to not to charge service tax for the remaining two month from the client as the taxable turnover in the previous year does not exceed Rs. 10,00,000 can i do so ? and for the next financial year 2012-13 can i avail the exemption available to Small Service Provider i.e. not to charge S.Tax upto Rs. 10,00,000

Bhaskaran Chackrapani Warrier

Bhaskaran Chackrapani Warrier (Expert)

25 February 2012 Since you have charged for 10 months ,for the remaining 2 months also you have to charge.
You can claim exemption up to 10 lacs in FY 2012-13.

anurag

anurag (Expert)

26 February 2012 Yes , there is no other option.

Querist : Anonymous

Querist : Anonymous (Querist)

27 February 2012 Shall I get it informed with the department and then stop charging in next f.y. if yes then when I have to made application
Or
Without informing, I can stop charging

Please advice

Querist : Anonymous

Querist : Anonymous (Querist)

27 February 2012 Shall I get it informed with the department and then stop charging in next f.y. if yes then when I have to made application
Or
Without informing, I can stop charging

Please advice

Bhaskaran Chackrapani Warrier

Bhaskaran Chackrapani Warrier (Expert)

27 February 2012 No need of prior information. But half yearly return in ST-3 has to be filed in which exemption has to be claimed correctly.

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now