Service tax exemption

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Querist : Anonymous

Querist : Anonymous (Querist)

06 February 2012 Dear experts
I need your clarification on the following:
(1)I am a wedding planner, in the last financial year my turnover was 10 lacs and I didnt paid any service tax due to exemption now in this financial year too my turnover is 10 lacs do i have to pay service tax now.
Is there any limit of number of times that the exemption of 10lacs can be availed.is this a one time exemption or can be availed any number of times.

(2)I am a wedding planner and in Augest,2011 I received an advance from my client.I generated my first invoice in the Dec,2011.my turnover is 15 lacs which included service of Florist amounting to Rs.5lacs which is an exempt service.do i have to pay any service tax and do i have to file any return and what is the last date of return and what is the penalty that is applicable due to non filing of return. Mine is a partnership firm and this is my first year.

please provide the answers asap treating them (1 & 2) independently.
Thanks in advance

Querist : Anonymous

Querist : Anonymous (Querist)

09 February 2012 Dear Experts
Looking forward for your response on the above

Shyam Lal Naik

Shyam Lal Naik (Expert)
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12 February 2012 Regarding Small Scale Exemption.

Two conditions are required to be fulfilled.
1. Taxable Turnover does not exceed Rs. 10.00 Lakh during the previous year. Please note that it is TAXABLE TURNOVER and not total turnover.
2. If the condition 1 is met, TAXABLE TURNOVER of Rs. 10.00 Lakh is exempt.

The exemption is available for any number of years if both the conditions are met.

I presume, the above answer addresses your query no. 2.

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