Service tax applicable
This query is : Resolved
06 May 2015
i have taken service tax number
in p.y. 2013-14 my consulting income is 20 lacs but it was export services so sevice tax is not payable.
in py 14-15 if my consulting income is 6 lacs only and services provided in india so i have to pay service tax on 6 lacs or i can avail exemption as my income is below 10 lacs.
please guide
in p.y. 2013-14 my consulting income is 20 lacs but it was export services so sevice tax is not payable.
in py 14-15 if my consulting income is 6 lacs only and services provided in india so i have to pay service tax on 6 lacs or i can avail exemption as my income is below 10 lacs.
please guide
06 May 2015
Yes you can avail exemption as your turnover is below 10 lacs.
The value of the following services need not be considered in reckoning aggregate value:
(a) Value of services in the Negative List;
(b) Value of services provided/rendered outside taxable territory of India (i.e. Jammu & Kashmir or abroad) considering place of provision of service rules, 2012;
(c) Value of services under Mega-Exemption Notification 25/2012 or any other notification which provides for full exemption from service tax.
The value of the following services need not be considered in reckoning aggregate value:
(a) Value of services in the Negative List;
(b) Value of services provided/rendered outside taxable territory of India (i.e. Jammu & Kashmir or abroad) considering place of provision of service rules, 2012;
(c) Value of services under Mega-Exemption Notification 25/2012 or any other notification which provides for full exemption from service tax.
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