Service tax payment

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SATHISHKUMAR

62 Points Joined April 2008

A Person who started business in F.Y 2011-12, has went for Service tax registration before his taxable service exceeds Rs.9,00,000/- He started to pay service tax. Now he wants to avail the exemption from payment of service tax since his taxable service in a financial has not crossed Rs.10,00,000. Is it possible?

Thanks

Replies (1)

Prabhat Kumar

Advocate & Consultant

1912 Points Joined July 2009

if in the preceding financial year the aggregate value of taxable services has not exceeded 10 then you may avail this exemotion in new financial year.This exemption is optioal so even if you paid service tax in preceding financial year you ncan avail this exemption.