Payment of Service tax exemption when taxable service turnover is less than 10 lakhs

Payment of Service tax exemption when taxable service turnover is less than 10 lakhs https://www.taxtmi.com/forum/issue?id=111766 Small-scale exemption applies when aggregate taxable service turnover in the preceding financial year is below the prescribed threshold, yielding nil liability in the current year; branded or trade-name services are excluded. Registration may still be required where registration turnover conditions are met. Providers should maintain records to substantiate turnover and file nil returns when no tax is payable. en-us Wed, 12 Apr 2017 12:49:07 +0530 Thu, 23 Jan 2025 15:55:57 +0530 TaxTMI RSS Generator Payment of Service tax exemption when taxable service turnover is less than 10 lakhs https://www.taxtmi.com/forum/issue?id=111766 Small-scale exemption applies when aggregate taxable service turnover in the preceding financial year is below the prescribed threshold, yielding nil liability in the current year; branded or trade-name services are excluded. Registration may still be required where registration turnover conditions are met. Providers should maintain records to substantiate turnover and file nil returns when no tax is payable. Discussion-Forum Service Tax Wed, 12 Apr 2017 12:49:07 +0530 https://www.taxtmi.com/forum/issue?id=111766