I provide software service to a company based in STP unit. If my first year turnover exceeds 10 lakh, should I pay service tax on gross amount or the amount exceeding 10 lakhs? Can I avail of small service provider exemption?
Thank you.
Ram
I provide software service to a company based in STP unit. If my first year turnover exceeds 10 lakh, should I pay service tax on gross amount or the amount exceeding 10 lakhs? Can I avail of small service provider exemption?
Thank you.
Ram
Sorry, I didn't get it. Does your answer imply I can claim small service provider exemption this year and pay service tax on amount exceeding 10 lakhs this time only?
you dont need to pay service tax on first 10 lakhs for this year only, if not charged in the invoice.
Next year you will not get any threshold exemption
Gupta Sachdeva & Co. Chartered Accountants
New Delhi
CA Final
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Naveen Fintech Pvt Ltd
Kolkata
CA Inter
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