Basic exemption

This query is : Resolved 

Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
05 July 2013 DEAR SIR,

TAXABLE SERVICES PROVIDED DURING THE BELOW FINANCIAL YEARS:

2008-09 - 9,00,000
2009-10 - 10,00,000
2010-11 - 11,00,000
2011-12 - 8,00,000
2012-13 - 11,00,000

ON WHICH AMOUNT SERVICE TAX IS APPLICABLE FOR EACH YEAR

05 July 2013 In the financial year 2010-11 you will pay the service tax on the value of one lakh and after this financial year you will pay the service tax from starting.

Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
05 July 2013 THE TAXABLE SERVICES FOR 2011-12 DIDN'T EXCEED 10 LAKHS SO FOR THE FINANCIAL YEAR 2012-13 ON WHAT AMOUNT SERVICE TAX WILL BE ATTRACTED,WHETHER ON 11,00,000 OR 1,00,000

05 July 2013 If you will crossed the exemption limit one time then next financial year ssi exemption will not be available.

05 July 2013 yes, agreed with expert's opinion. The assessee can collect from the party after reaching 10 lacs and avail cenvat/input benefit.


You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro
CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries



CCI Pro
Meet our CAclubindia PRO Members

Follow us
add to google news



Answer Query



Company
Featured 14 March 2026
Article Trainee

N N V Satish&co

Hyderabad

CA Inter

View Details
Company
Featured 14 April 2026
GST CONSULTANT

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 28 March 2026
CA Final

Ashok Amol & Associates

New Delhi

CA Final

View Details
Company
Featured 14 March 2026
Associate CA

N N V Satish&co

Hyderabad

CA

View Details
Company
Featured 19 March 2026
Article Assistant

Gupta Sachdeva & Co. Chartered Accountants

New Delhi

CA Final

View Details
Company
Featured 13 April 2026
GST CONSULTANCY

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 28 March 2026
Accountant

Ashok Amol & Associates

New Delhi

B.Com

View Details
Company
Featured 12 March 2026
Customer Relationship Executive

TAXLET

Calicut

B.Com

View Details