Service tax liability.

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SUNDARI (Querist)
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21 April 2015 Taxable value of a service provider exceeds the limit in two consecutive financial years (say in 2006-07 and 2007-08). In 2008-09 the value of taxable service was below the limit. Whther service tax liability is payable in a year 2008-09?

Vishakha Kejriwal.

Vishakha Kejriwal. (Expert)
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22 April 2015 The threshold exemption is available based on the turnover of the previous year. Since in 2007-08, the turnover exceeded the taxable limit, service tax has to be paid for the year 2008-09 even though the taxable services provided is below the limit.(Not. 8/2008 dated 1.3.2008)

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