Small scale service provider
This query is : Resolved
11 July 2016
Dear Sir/Madam,
In FY 2015-16, Service Tax wrt Mutual Fund Agent is under Reverse Charge Mechanism & Turnover of Assessee has been crossed 10 lacs in that year. In FY 2016-17, Service Tax need to be paid by Mutual Fund Agent(Assessee) & whether he is eligible to claim Previous Year Exemption of Rs. 10 lacs in FY 2016-17??
In FY 2015-16, Service Tax wrt Mutual Fund Agent is under Reverse Charge Mechanism & Turnover of Assessee has been crossed 10 lacs in that year. In FY 2016-17, Service Tax need to be paid by Mutual Fund Agent(Assessee) & whether he is eligible to claim Previous Year Exemption of Rs. 10 lacs in FY 2016-17??
Shubham Gupta
(Expert)
11 July 2016
in case of reverse charge liabilty, Exemption of 10 Lacs is not available
11 July 2016
Not eligible for SSP exemption in FY 2016-17.
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