Small scale service provider exemption limit of rs 10 lac.
This query is : Resolved
08 April 2015
I have a bit confusion with service tax calculation of Small scale service provider.
In pertaining year value of taxable services Rs: 9.10 lac. where registration has been taken as turnover exceeds Rs: 9 lac.
In the next financial year value of taxable services Rs: 10.50 lac. I want to know would I need to pay service tax on whole of turnover amount 10.50 lac or 50 thousand.
In pertaining year value of taxable services Rs: 9.10 lac. where registration has been taken as turnover exceeds Rs: 9 lac.
In the next financial year value of taxable services Rs: 10.50 lac. I want to know would I need to pay service tax on whole of turnover amount 10.50 lac or 50 thousand.
08 April 2015
You have to pay service tax on 50 thousand only for the year. Next year it has to be paid on full value.
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08 April 2015
only on 50000, from next year , from first bill
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