Small service provider exemption (ssp)

This query is : Resolved

amit (Querist)
Follow

18 October 2014 please explain the criteria.
if my taxable service in year 2012 is 8 lacs, in 2013 is 15 lacs, and again in year 2014 is 7 lacs.
my question is that in what is my tax liability in year 2014?

is ssp exemption is year to year basis.
actualy i am confusing this with SSI exemption in excise law.
please help

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
Follow

18 October 2014 For the year 2014 you have to pay service tax on 7 lacs.
If in the previous financial year the aggregate value of taxable services provided by you was less than Rs.10 lakh and in the present FINANCIAL year the aggregate value of taxable services provided by you is also less than Rs.10 lakh. Then no need to pay service tax .

If in the previous FINANCIAL year aggregate value of taxable services provided was less than 10 lakh but this year aggregate value of taxable services provided is more than 10 lakh them you start paying service tax after crossing the threshold of Rs 10 lakh.

If in the previous FINANCIAL year aggregate value of taxable services provided was more than 10 lakh but this year aggregate value of taxable services provided is less than 10 lakh them you start paying service tax from rupee one.

amit

amit (Querist)
Follow

18 October 2014 MEANS IF ONE TIME U CROSS THE THRESHOLD LEVEL OF 10 LAC, THEN U R NO LONGER SSP.

U HAVE TO PAY TAX ON SINGLE RUPEE ALSO

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
Follow

18 October 2014 Yes your observation is correct.

Message likes : 1 times

amit

amit (Querist)
Follow

18 October 2014 waiting @SEETHARAMAN

amit

amit (Querist)
Follow

18 October 2014 THANKS FOR CLEARING MY DOUBT@SEETHRAMAN

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

Join the CA Students WhatsApp Community for ICAI Updates, Trending Courses & Notes!

Similar Resolved Queries

Unanswered Queries

Popular
Recent

Trending Online Classes

Direct Tax Laws & International Taxation May 26,Sept 26 & Jan 27

CA Arvind Tuli

Enroll Now
Audit Fast Track Recorded Batch For May 26,Sept 26 & Jan 27

CA Aarti Lahoti

Enroll Now
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English

CA Bhanwar Borana & CA Shubham Keswani

Enroll Now

view all classess

Meet our CAclubindia PRO Members

Leena Rachh

Govind Mundada

svgovindaraju

venkanna setty

YARRAMREDDY M

Subscribe Now

Small service provider exemption (ssp)

Similar Resolved Queries

Trending Online Classes

Meet our CAclubindia PRO Members

Quick Links

Browse by Category

Latest Job Openings

Senior Executive

Manager- Finance and Compliance

GST CONSULTANT

GST CONSULTANCY

Accountant

CA Final

Article Assistant

Associate CA