Go AD-Free with CAclubindia Pro and get Daily WhatsApp Updates. Subscribe Now!

Small service provider

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

12 October 2011 Sir/madam

can any one explain me the exact meaning of small service provider.

One of our customer is having lodge. The room rents are above 1000/- and yearly turnover is above 60 lakhs. Can he claim exemption up to 10 lac as a small service provider or has to pay from the beginning.

thanx,

CA RICHA BADALIA

CA RICHA BADALIA (Expert)
Follow

12 October 2011 when aggregate value of taxable services rendered by a service provider from one or more premises does not exceed Rs.10 lakhs in the preceding financial year then the service provider shall be considered as SSP in the current FY and shall claim exemption for value of taxable services of Rs. 10lakhs.
If it is the first year of hotel then exemption of 10lakhs will be available in the first year.

The above definition will help you to solve your problem.

Querist : Anonymous

Querist : Anonymous (Querist)

13 October 2011 Thank you very much

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Summarize this with AI

ChatGPT Perplexity Claude Google AI Grok