Ssp threshold limit unique

PRADEEP MULANI (Partner in MULANI BHANSARI & SHAH )   (142 Points)

20 December 2011  

Basic Exemption Limit for SMALL SERVICE PROVIDER

Before 01/04/2005                        No Limit

01/04/2005 to 31/03/2007        Rs.4 Lakhs

01/04/2007 to 31/03/2008        Rs.8 Lakhs

01/04/2008 to Till Date                Rs.10 Lakhs


Now the Query is...

If during Financial Year 2006-07 the Total Service Provided by Person is Rs 6 Lakhs, as a result therof he shall be liable to Register & Pay Service Tax on Rs.2 Lakhs.

The question is whether shall he be eligible to take the status of Small Service Provider in the Financial Year 2007-08 as the limit has been increased to Rs.8 Lakhs? 

Awaiting your valuable Replies...