Exemption in service tax

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This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

08 December 2015 IN A FY, RECEIPTS EXCEEDED 10LKHS HENCE REGISTRATION UNDER SERVICE TAX WAS DONE AND SERVICE TAX CHARGED. IN THE FOLLOWING YEAR RECEIPTS WERE Rs 500000/- AND SERVICE TAX WAS CHARGED. IN THE 3RD YEAR RECEIPTS WERE MERELY 400000/-. IS THE PERSON LIABLE TO CHARGE SERVICE TAX???

CA CS Jainam Shah

CA CS Jainam Shah (Expert)
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08 December 2015 Yes you are liable to charge service tax and pay to government.

Querist : Anonymous

Querist : Anonymous (Querist)

08 December 2015 But in the previous year the limit is not exceeding Rs 1000000/-

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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08 December 2015 Not liable to charge service tax as during the previous year the service provided is less than 10 lacs.

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CA CS Jainam Shah

CA CS Jainam Shah (Expert)
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08 December 2015 In the first year service tax charged so you have charge service tax for lifetime.

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Querist : Anonymous

Querist : Anonymous (Querist)

08 December 2015 Can you tell me the related notification or relevant section of finance act?

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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08 December 2015 As per notification 33/2012 ST Small service provider exemption can be claimed when during the previous year the taxable service not exceeded 10 lacs.

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Querist : Anonymous

Querist : Anonymous (Querist)

08 December 2015 thank you

CA CS Jainam Shah

CA CS Jainam Shah (Expert)
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08 December 2015 Yes your are right. You are eligible for exemption in 3rd year as per notification no. 33/2012.

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