Exemption availability to small service provider


This query is : Resolved 

Avatar

Querist : Anonymous

Profile Image
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

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.

26 February 2012 Yes , there is no other option.

Avatar

Querist : Anonymous

Profile Image
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



Avatar

Querist : Anonymous

Profile Image
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



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



Similar Resolved Queries


loading


Unanswered Queries



CCI Pro



Answer Query



Company
ARTICLESHIP 16 September 2026
Article Assistant

MANUJ SHARMA AND COMPANY

Noida

CA Inter

View Details
Company
Featured 12 September 2026
Assistant Manager - Finance & Compliance

Naveen Fintech Pvt Ltd

Kolkata

CA Inter

View Details
Company
22 September 2026
Account Assistant

Chirag P Shah & Co. Chartered Accountant

Pune

B.Com

View Details
Company
Featured 21 September 2026
Consultant - Reporting

Finrep Advisors LLP

Mumbai

CA

View Details
Company
17 September 2026
Chartered Accountant

Dass Gupta & Associates

Gurgaon

CA

View Details
Company
ARTICLESHIP 26 August 2026
CA Article Assistant/CA Drop Out/Accounts Executive

PARV & Co.

New Delhi

CA Inter

View Details
Company
08 September 2026
Semi-Qualified Assitant

Subrahmanyam & Sivudu CA Firm

Hyderabad

CA Inter

View Details
Company
28 August 2026
Assistant Manager

NRS AND ASSOCIATES

Kozhikode

CA Inter

View Details