Service tax liability for new business
This query is : Resolved
JAYESH H MANGE
(Querist)
23 August 2013
If a proprietor has established a new business and have taken service tax registration but annual turnover is less than rs.10 lacs,does he need to pay service tax for the same AY ?
23 August 2013
NO, you does nt need to pay service tax but whenever turnover is more than 10 lakhs than u are liable to pay service tax.
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JAYESH H MANGE
(Querist)
23 August 2013
can you tell me provision in which it is described
CMA Ramesh Krishnan
(Expert)
23 August 2013
please refer SSI/ threshold Exemption under Notification No. 33/2012 – Service Tax Dt. 20/06/2012
RENGARAJ R.K
(Expert)
23 August 2013
The Notification will state that exemption is available for the small scale providers of services upto 10 lacs. It will not say that payment is not to be made. See Notn No.33/2012 ST dt 20.06.12.
Pl click.
https://www.servicetax.gov.in/st-notfns-home.htm
Pl click.
https://www.servicetax.gov.in/st-notfns-home.htm
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