Service tax less than 10 lac

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Querist : Anonymous

Querist : Anonymous (Querist)

15 October 2015 Hello Sir

I Have already service Tax Number But My Financial Year 2014-2015 Income Less Then 9 lac so i eligible to Pay Service Tax ? .

Trinadharao Adigarla

Trinadharao Adigarla (Expert)

15 October 2015 Yes Eligible for pay service tax

RAHULSMITTAL

RAHULSMITTAL (Expert)

15 October 2015 If your receipts are less then 10 laks in previous yr. Then you will get 10 lakh rs exemption in current yr also

Querist : Anonymous

Querist : Anonymous (Querist)

15 October 2015 Yes sir my total turn over less then 10 lac so can i file nill service tax return

RAHULSMITTAL

RAHULSMITTAL (Expert)

16 October 2015 Yes.. you can if you havenot charged or received service tax from your clients

Querist : Anonymous

Querist : Anonymous (Querist)

16 October 2015 Thanks a lot for the support sir....

RAHULSMITTAL

RAHULSMITTAL (Expert)

16 October 2015 Your welcum. What makes you eligible for 10 lakh limit exemption is:
1. If you donot opt for large tax payer unit
2. If you have started business in current year.
3. If you had receipts less than 10 lakhs in previous year.

Querist : Anonymous

Querist : Anonymous (Querist)

16 October 2015 Hello sir,
I haven't paid last 4 Nill service tax return so i have to pay penalty and how much is this possible to exemption for penalty

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