Optional registration for service tax and exemption benifit

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212 Points Posted on 09 March 2014

One of My friend establishing new photo studio business and needs optional service tax registration. if he apply for optional service tax registration than exemption of Rs. 10 lakhs available or not ? 

please suggest.

Thanks & regards

CA Mohit Kumar Jain

9251336274

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On 09 March 2014 at 23:07 Report
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Head Of Department (Accounts & Finance)
1272 Points Posted on 09 March 2014
Dear Mohit, I dont there is any such optional service tax registration system prevailing. According to service tax rules it is mentioned that when small service provider value of services exceed Rs. 9 lakhs, registration should be done. And yes to small service provider 10 exemption is available.
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On 09 March 2014 at 23:33
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Searching Source of Money
212 Points Posted on 09 March 2014
Dear sir thanks for your reply.. But I have confusion if he taking optional registration than benifit available or not..
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On 09 March 2014 at 23:38
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Head Of Department (Accounts & Finance)
1272 Points Posted on 09 March 2014
Yes if he is a small service provider than he will get this exemption. Dear I think it in sec 69 please read it from there, I am sure being a c.a you will understand it much better from there. Regards
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On 09 March 2014 at 23:45
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Searching Source of Money
212 Points Posted on 09 March 2014
Lot of thanks sir..
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On 09 March 2014 at 23:47

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