Small service provider exemption
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
16 April 2012
my client has gross receipt above 10 lacs for last some years.
but for the f.y. 2011-12 he has only receipt 5 lacs, can he claim Small service provider exemption for the f.y. 2012-13
and my client also wants to surrender his service tax registration bcz
he claim that he will not earn gross receipt above exemption limit in futures (i.e. above 10 lac)
please help
but for the f.y. 2011-12 he has only receipt 5 lacs, can he claim Small service provider exemption for the f.y. 2012-13
and my client also wants to surrender his service tax registration bcz
he claim that he will not earn gross receipt above exemption limit in futures (i.e. above 10 lac)
please help
16 April 2012
Once he crosses Rs 10 lacs your client is liable to pay service tax . He has to continue to charge service tax irrespective of receipts. Service tax exemption is one time exemption.
16 April 2012
If you have reason to believe that the amount of taxable service will not exceed the basic limit from current year onwards then it is better to surrender the certificate granted for registration.
once the certificate is surrendered, there will be no service tax liability.
once the certificate is surrendered, there will be no service tax liability.
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16 April 2012
In F.Y 2012-13 the client can enjoy the benefit of SSP.
The client can surrender ST-2 using the online facility ,available in www.aces.gov.in, after updating the filing of ST-3.
The client can surrender ST-2 using the online facility ,available in www.aces.gov.in, after updating the filing of ST-3.
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17 April 2012
SSI Exemption is not only one time exemption. IT depends on gross receipts in Previous F.Y. Agree with B. Warrier Sir.
18 April 2012
in your query your client has gross receipts above Rs 10 lacs means from which financial year?
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