What will be the service tax applicability in New enterprises in the following case?
1st Year (business starting year), Service Rendered For Rs. 4,50,000/-
2nd Year, Service Rendered for Rs. 8,00,000/-
Can i take the benefits of small service provider in 3rd year (in f.y. 2015-16)??
Yes you can take exemption under small service provider category as the turnover of the enterprise doesnot exceed Rs 10,00,000 in any of of the previous years.
But in case in FInancial Year 15-16 if the turnover exceeds Rs 9,00,000, the enterprise needs to apply for service tax registration.
We have registered in Service Tax from 1st Year (Voluntary Registration) and service tax also paid in first year as well as 2nd year and return filled.
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