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exemption limit

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Ashish Saini (Querist)

27 October 2016 dear experts, if an assessee has charged service tax during financial year 2015-2016 and deposited the same. now if in a y 2016-2017 assessee wants to claim exemption limit based on py turnover I.e. below rs 10 lacs ,can he do so..or now in ay 2016-2107 he can not claim exemption because he has already charged service tax on bills in a y 2015-2016 ( I want to clear whether exemption is one time or it depends on last year turnover) please suggest , confusion has arises due to difference in opinion of different persons. Thanks Ashish Saini

Rajannaidu

Rajannaidu (Expert)

01 November 2016 No exemption would be available for subsequent year even though the aggregate value is less than 10 lakhs. service provider has to pay service tax from Rupee one

Ashish Saini

Ashish Saini (Querist)

01 November 2016 okay.... thanks sir

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