Service tax exemption for every fy

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tax consultant
24 Points Posted on 02 July 2012

Hi,

My client has total turnover (service charges received ) for FY 2011-12 is Rs. 32 lakhs and he availed the basic exemption of  Rs.10 lakshs and he pay the service tax for the remaining Rs.22 lakhs , For the FY 2012-13 his turnover (Service charges received ) is Rs.4 Lakhs Do he have exemoption for this year also  or he want to pay from the first amount

please clarify me

 

Kannan sugumaran

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On 02 July 2012 at 21:02 Report
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artical
22 Points Posted on 02 July 2012
He can not avail the exemption of ss p in current year becouse in last fy he has takan the benefit of ssp for the small service provder in current year he is not ssp becouse ssp condition is chek in previous fy thats is why he has to the service on 4 lac
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On 02 July 2012 at 21:59
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Tax consultant
100 Points Posted on 02 July 2012
I agree with aakash gupta, you are required to pay S.T on receipts.
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On 02 July 2012 at 22:21
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Taxation Manager
797 Points Posted on 03 July 2012
once the registration is taken, service tax is payable by the assessee irrespective of the current year's turnover. You will have to pay Service tax on accrual basis and not on receipt basis as a service provider.
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On 03 July 2012 at 17:01

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