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TMI BlogExemption to Small service providersX X X X Extracts X X X X X X X X Extracts X X X X ..... by sub-section (1) of section 93 of the Finance Act, 1994 (32 of 1994) (hereinafter referred to as the said Finance Act), and in supersession of the Government of India in the Ministry of Finance (Department of Revenue) notification No. 6/2005-Service Tax, dated the 1st March, 2005, published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i), vide G.S.R. number 140(E), d ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ice Tax Rules,1994. 2. The exemption contained in this notification shall apply subject to the following conditions, namely:- (i) the provider of taxable service has the option not to avail the exemption contained in this notification and pay service tax on the taxable services provided by him and such option, once exercised in a financial year, shall not be withdrawn during the remaining part ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... paying service tax, and used for the provision of taxable services for which service tax is payable; (v) the provider of taxable service who starts availing exemption under this notification shall be required to pay an amount equivalent to the CENVAT credit taken by him, if any, in respect of such inputs lying in stock or in process on the date on which the provider of taxable service starts av ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... or more premises, does not exceed ten lakh rupees in the preceding financial year. 3. For the purposes of determining aggregate value not exceeding ten lakh rupees, to avail exemption under this notification, in relation to taxable service provided by a goods transport agency, the payment received towards the gross amount charged by such goods transport agency under section 67 of the said Financ ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... xable services charged in the first consecutive invoices issued during a financial year but does not include value charged in invoices issued towards such services which are exempt from whole of service tax leviable thereon under section 66B of the said Finance Act under any other notification." 4. This notification shall come into force on the 1st day of July, 2012. [F.No. 334 /01/2012- TRU] ..... X X X X Extracts X X X X X X X X Extracts X X X X
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