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Service tax on mutual fund agents.

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Querist : Anonymous

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Querist : Anonymous (Querist)
16 July 2016 Mr. A is mutual fund agent. His turnover in FY 2015-16 is Rs 15 lacs. Now In current FY (01-04-2016 To 31-03-2017) whether he can avail SSP Exemption (33/2012) or he has to pay service tax without considering 10 Lacs??
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CA S K MISHRA

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CA S K MISHRA (Expert)
17 July 2016 The benefit of exemption upto Rs.10 lakhs is available to a service provider in the 1st year only. From 2nd/subsequent years onwards Service tax is payable even if the turnover is less than Rs.10 lakhs.
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