15 January 2016
Dear Expert ! one of my client had paid service tax in the financial year 2015-16.. but his turnover in the next F Y will go down (5-6 lacs only) by some reasons.. I want to know whether he has to deposit ser.tax as his income is below 10 L...
16 January 2016
Yes. The small service provider exemption limit of 10 lacscan only be claimed if value of taxable service in previous year is less then 10 lacs. So in this he liable to pay tax.
CAclubindia
