How the exemption under this notification will be calculated if the service provider has more than one premises or providing more than one service? What treatment will be done in this case while calculating previous year turnover? What if there are co-owners, exemption will be available to both the owners or not?
1 April, 2015
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Aggregate value rule: combined turnover across services and premises determines small service provider exemption; co-owners assessed individually. Exemption is applied to the aggregate value of all taxable services provided from all premises by a provider, and eligibility is determined by aggregating ... Summary
Aggregate value rule: combined turnover across services and premises determines small service provider exemption; co-owners assessed individually.
Exemption is applied to the aggregate value of all taxable services provided from all premises by a provider, and eligibility is determined by aggregating previous year turnover across all premises; where premises are co-owned, each co-owner may claim the exemption separately if, on individual assessment, their aggregate taxable services fall within the threshold.
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