Taxable turnover below limit.

This query is : Resolved

samit sharma (Querist)
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23 June 2015 I am registered in service tax. My taxable turnover last year is above Rs. 10 Lacs. But during this year My taxable turnover is below Rs. 10 Lacs. Whether i am liable to pay service tax in the next year or i am exempt from service tax in next year. Also whether i have to intimate department that my turnover is below taxable limit.

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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23 June 2015 You are liable to pay service tax in next year. Once crossed the limit of 10 lacs you are covered under service tax irrespective of your turnover.

Rupesh Jain

Rupesh Jain (Expert)
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23 June 2015 you have to pay service tax, exemption only for one time.

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