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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 providers are exempt from service tax under notification no.33 / 2012 upto a aggregate turnover of Rs. 10L during a financial year. Now my question is in case if the turnover in financial year 2009 - 10 is 12L, 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 mor ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... e 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 Notification 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 e ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... xceed 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 either 2009-10 is the first year of business or the receipts in 2008-09 is below thereshold limit] and ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 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 hence there will be an exemption of 10 lkhs and tax will be levied on 5 lkhs. Further, on the same b ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... asis 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 the purpose of checking the threshold limit of Rs.10L regards Praveen Mittal - R ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... eply 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 rupees in the preceding financial year. [ emphasis supplied ] - R ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... eply By Praveen Mittal - The Reply = thx a lot sir! - Small service provider - Exemption - Query Started By: - Praveen Mittal Dated:- 29-9-2013 Service Tax - Got 4 Replies - Service Tax - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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