Service tax for fy 14-15

My Assessee was having gross receipt of Rs.13.5 lakhs in FY 2013-14. In the same receipts, there were receipts from NMMC (Government Local Body) of Rs.5 lakhs which were exempted from service tax. Hence, on balance gross receipts of Rs 8.5 lakhs, no service tax was paid since it was below taxable limit of Rs.10 lakhs.

I need to know whether the same assessee will get benefit of Rs.10 lakhs exemption in FY 2014-15 or he has to pay service tax right from the begining.

Thanks

CA ANAND BAGADE

9820956767

Replies (1)

Hii Sir,

The assessee will get the exemption up to the limit 10 lakhs during the year 2014-15 if he paid service tax never before. In the financial year 2013-14, his taxable receipt is below 10 lakhs. So he can calim the benefit of exemption limit. Please refer Notification No. 33/2012. Rgards

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