Service tax
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
07 September 2015
In the F.Y. 2013-14 my gross receipt from service income were Rs. 1050000 and in F.Y. 2014-15 my Gross receipts from service income were Rs.450000 nou my question to panel of experts is since i have not crossed threshold limit of Rs. 10lakh in f.y. 2014-15 do i have to pay service tax in current financial year from day one or i m eligible for exemption for not crossing turnover of 10 lakh in f.Y. 2014-15.
Thank you
Thank you
Rajesh Sharma
(Expert)
11 September 2015
Hi
As per the exemption notification for small service provider, you will be liable to pay service tax on receipt for FY 2014-15 and further you will not get the benefit of exemption in FY 2015-16 as well.
Rajesh Sharma
nspandcompany@gmail.com
9920534595
As per the exemption notification for small service provider, you will be liable to pay service tax on receipt for FY 2014-15 and further you will not get the benefit of exemption in FY 2015-16 as well.
Rajesh Sharma
nspandcompany@gmail.com
9920534595
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