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Regarding serive tax

Manoj Chaitanya Varma (1) (61 Points)

18 February 2014

assume i have a firm and i render different types services say

1- beauty parlour - turnover - 550000

2- counsultancy service - turnover - 800000

am i liable to pay service tax since my turnover does not exceed 1000000 individually.

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2 Replies

CA. Kuldeep Singhi (Entrepreneur) (424 Points)
Replied 18 February 2014

The turnoverr of 10 Lakhs is calculated by considering all the services provided taken together not individually.So ST need to be paid in this case.

Mir Irshad Ali (Partner) (192 Points)
Replied 18 February 2014

As per the provisions of S.Tax Notfn. No. 33/2012-S.T, Para 2(vii)

(vii) where a taxable service provider provides one or more taxable services from one or more premises, the exemption under this notification shall apply to the aggregate value of all such taxable services and from all such premises and not separately for each premises or each services;

Thus, for computing the exemption limit of Rs. 10 Lakhs the aggregate taxable value of all services provided is to be included.

Since the aggregate value in the instant case is Rs. 13,50,000/-, S.Tax is payable.