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Service tax de-registration
Dear Sir,
As the Value of Taxable Services during the Previous Financial Year has fallen below the threshold limit of Rs.10Lakhs , is there any requirement to inform the department that ST is not being collected during the Current Financial Year and on filing of Half Yearly Returns for Current Financial Year.
Replies (1)
If you see that Turnover will cross 10 Lakh in current FY then collect ST after crossing of 10 lakh limit. File ST return and take 10 lakh as SSI Exemption.
And If below 10 lakh then claim entire turnover as exemption.
No need to inform department.
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