REGARDINGSERVICE TAX

hello! My client providing taxable service.

F.Y.                 VALUE OF SERVICE 

2007-08               4,00,000

2008-09               5,00,000.

2009-10               11,00,000

           Since in the F.Y.2009-10 his total taxable service goes beyond 10,00,000 we have registered and took service tax no. in f.y.2009-10 itself and accordingly paid the service tax to Gvt.(Excess S.T. Paid).

             However in the F.Y.2010-11 there is no chance that his total taxable service value go beyond 10,00,000 limit ,

CAN I ASK FOR REFUND OF S.T.PAID IN EXCESS FROM GOVT.?

SHOULD I CANCEL MY SERVICE TAX REGISTRATION NUMBER.?

Pl. advice me  

Replies (1)

 

The exemption of ten lakhs is available every year if you have not crossed the ten lakh limit in the previous year. If you cross the ten lakhs limit this year, then you cannot avail the exemption for the next year. Thus every years exemption availability is based on previous years turnover. The turnover in the previous year decides whether you can avail exemption this year.

The cancellation of registration is not possible without closure of providing services

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