Service tax query
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
08 May 2013
SERVICE TAX QUERY :
Services T/o in FY 11-12 (PREVIOUS YEAR) – Rs. 70 lacs
The above services become taxable w.e.f 1st July 2012.
From July to Sept 2012 total Services = 10 lacs + 2 lacs = Rs. 12 lacs
Now in the above case Can the Threshold exemption upto Rs. 10 lacs be claimed under Notification NO.33/2012-ST dated 20.06.2012.???????
Services T/o in FY 11-12 (PREVIOUS YEAR) – Rs. 70 lacs
The above services become taxable w.e.f 1st July 2012.
From July to Sept 2012 total Services = 10 lacs + 2 lacs = Rs. 12 lacs
Now in the above case Can the Threshold exemption upto Rs. 10 lacs be claimed under Notification NO.33/2012-ST dated 20.06.2012.???????
CA Vikas Acharya
(Expert)
09 May 2013
YES IT CAN BE CLAIMED
as in that 10 lacs limit the only taxable is to be counted, hence old turnover as not taxable can not be counted.
see definition of AGGREGATE VALUE in the explanation portion of notification 33/2012,
where written that 10 lac does not include exempted service.
as in that 10 lacs limit the only taxable is to be counted, hence old turnover as not taxable can not be counted.
see definition of AGGREGATE VALUE in the explanation portion of notification 33/2012,
where written that 10 lac does not include exempted service.
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