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This query is : Resolved

Sivaraman A R (Querist)

22 October 2010 One of my clients whose gross income from medical transcription has crossed 10,00,000 for the year 2009-10. Heard that this service is exempted from tax vide Notification No. 8 /2003 - Service Tax dt 20th June, 2003.

My question is whether this client should take registration under service tax and file ST return.

CA Shailesh Kumar Bhagat

CA Shailesh Kumar Bhagat (Expert)

22 October 2010 Whenever , the service income reaches to 9 lakhs , service tax registration is must.

Your client should take reg. pay tax on above 10 lakhs amount, and also file the return.

Madhukar N Hiregange

Madhukar N Hiregange (Expert)

23 October 2010 I do not find not/8/2003 vaid today. I think it was withdrawn soem time back. Therefore provided that his pr yr. 2008-09 value fo taxable servcies did not exceed Rs 10 lakhs he would be eligible for 10 lakhs exemption on receipt basis. After that the ST would be payable.

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