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service tax


Ankit Sidana

2015-06-24

If a continuous supply of service contract(eg. works contract) is completed in 2 years, then exemption to small service provider(ssp) of rs. 10 lacs (taxable turnover) is available in both the years?

Rahul Rai

2015-06-25

Service tax exemption is based on gross receipt which includes billing also. If you have billed or received more than 10 lakhs in a year, you need to charge.

However if progressive billing was done, you do not fall under this as in a year billing did not cross 10 Lakhs.

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