Query about taxable value

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This query is : Resolved

jagadesh kotipalli (Querist)

19 January 2017 hello sir,
if a small service provider whose turnover for previous year is below 10 lac, has exceeded his turnover of rs.10 lac this current year, on which amount the service tax is levied??
is he required to collect service tax on whole amount or
the amount which is above 10 lacs??

thank you.

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)

19 January 2017 Levy and collect service tax above 10 lacs for this year.

jagadesh kotipalli

jagadesh kotipalli (Querist)

19 January 2017 thankyou sir, i dont want to waste your valuable time. please confirm the below statement.\

my turnover for previous year is 8,35,000/-
for this year, it is 12,35,200/-.
so, i have to collect service tax on 2,35,200.( i mean i have to apply the service tax rate on 2,35,200/-). is it correct sir??

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)

19 January 2017 Yes it is right........................

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