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TMI BlogSmall service provider - ExemptionX X X X Extracts X X X X X X X X Extracts X X X X ..... Small service provider - Exemption X X X X Extracts X X X X X X X X Extracts X X X X ..... financial year 2010 - 11 is Rs.7L, financial year 2011 - 12 is Rs.15L and financial year 2012 - 13 is Rs.5L. whether once service provided in financial year 2009 - 10 is more than Rs.10L limit then will it be required to charge service tax for all the next years even though the service provided in next years is less than Rs.10L Reply By Brijesh Verma: The Reply: For availing exemption under Noti ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... fication no..33/2012-ST., the precondition is the aggregate value of taxable services rendered by a provider of taxable service from one or more premises, does not exceed ten lakh rupees in the preceding financial year. Now your example states: Year Receipts 2009-10 12 Lkhs 2010-11 7 2011-12 15 2012-13 5 Now in this case, in 2009-10 there will be an exemption of Rs. 10 Lks [assuming that ei ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ther 2009-10 is the first year of business or the receipts in 2008-09 is below thereshold limit] and tax will be levied on 2 lks. Now since for year 2010-11 the preceding year is 2009-10 in which the aggregate was above 10 lks hence there will be no exemption in 2010-11 and full 7 lks will be taxable. However, again in 2011-12 the preceding year is 2010-11 in which the aggregate was below 10 hen ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ce there will be an exemption of 10 lkhs and tax will be levied on 5 lkhs. Further, on the same basis as 2010-11, tax shall be levied on 5 lks in 2012-13 Reply By Praveen Mittal: The Reply: Dear Brijesh Verma, thx for your reply. would appreciate if you plz support your views as in the Notification no..33/2012 nowhere it has been mentioned that the previous year figure shall be considered for ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... the purpose of checking the threshold limit of Rs.10L regards Praveen Mittal Reply By Brijesh Verma: The Reply: The para No. 2 [which contains 8 conditions to be fulfilled for availing the benefit under NN.33/2012.] states in its condition no. (viii) (viii) the aggregate value of taxable services rendered by a provider of taxable service from one or more premises, does not exceed ten lakh r ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... upees in the preceding financial year. [emphasis supplied]
Reply By Praveen Mittal:
The Reply:
thx a lot sir! X X X X Extracts X X X X X X X X Extracts X X X X
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