Applicability of thresh hold limit of service tax

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suman

Auditor

388 Points Joined January 2010

one of my clint is cable operator . his gross recipts are 8 lacs appox. i want to know wether after implementaion of negativelist approch in servicetax whether he is liable to service tax or not

Replies (1)

Saurabh Maheshwari

B.com ACA

5923 Points Joined December 2011

No dear, even after the introduction of negative list the service provider is entitled to exemption for the value of services upto Rs. 10 lacs provided the service provider total value of servioces during the prev FY doesn't exceed Rs. 10 lacs. However, in case of reverse charge mechanism the exemption of RS. 10 lacs is not allowed.