Service Tax Exemption about Small Service Provider Rs.10 Lac

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

29 November 2010 Hello

if any company/firm have exceed turnover Rs.9 Lac in the Previous year. then its enjoy service tax exemption of Small scale service provider in current year upto Rs.10 lac..

its true???

plz answer following sums? im confuse

a firm having turnover as follows
2006-07 Rs. 9.40 Lac
2007-08 Rs. 12.40 Lac
2008-09 Rs. 15.40 Lac
2009-10 Rs.: 4.00 Lac
2010-11 Rs.: 2.00 Lac
2011-12 Rs.: 12.00 Lac

can firm enjoy the exemption in 2010-11??

firm registered in 2006-07 in service tax.??

CA Shailesh Kumar Bhagat

CA Shailesh Kumar Bhagat (Expert)
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29 November 2010 If a firm doest not cross the the exemption limit in previous year, then service tax will not be applicable in the current up to the exempted limit.

Yes the firm will enjoy the exemption in 2010-11.

Aditya Maheshwari

Aditya Maheshwari (Expert)
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29 November 2010 yes firm can enjoy the exemption in 2010-11

VIPIN KUTUMBALE

VIPIN KUTUMBALE (Expert)
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22 April 2011 please check collection also in the period 10-11, before claiming exemption, we have to see first 10 lacs collection in an accounting year aslo.