Threshold level of service tax exemption for small service providers is _______.

Rs. 5 lakh

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Rs. 8 lakh

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Rs. 10 lakh

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Rs. 2.20 lakh

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Solution

The correct option is B Rs. 10 lakh
A small service provider whose taxable service from one or more premises did not exceed rs.10 lakhs in the previous financial year will be exempt from tax in next financial year upto first consecutive payment of rs.10 lakhs received. Hence, threshold level of service tax exemption for small service provider is rs. 10 lakh.

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