08 April 2009
My total taxable Service charges/turnover for the last FY:2008-09 does not exceeds Rs.10lakhs. So am I a SSI for this FY:2009-10 and if so wether Iam exempted to collect Service Tax on my turnover upto Rs.10 lakhs in this year. And to get that benefit wether I have to intimete to the department if so what is the procedure of intimation.
08 April 2009
Yes. You are entitled to take exemption upto 10 lakhs for f.y.2009-10. No need to intimate the department. You will have to show it in the return.
CAclubindia
