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



Similar Resolved Queries


loading


Unanswered Queries



CCI Pro



Answer Query



Company
ARTICLESHIP 07 October 2026
Article Trainee/ CMA Trainee

RMA And Associates LLP

New Delhi

CA Inter

View Details
Company
07 October 2026
Senior Account Manager

Amplio Invest

Mumbai

M.Com

View Details
Company
15 October 2026
Senior Accountant

Continental Belting Pvt Ltd

Mumbai

B.Com

View Details
Company
05 October 2026
Senior Accountant

Vision IT Peripherals Pvt Ltd

Mumbai

B.Com

View Details
Company
ARTICLESHIP 01 October 2026
Articled Assistant

KPSN & Associates LLP

Chennai

CA Inter

View Details
Company
ARTICLESHIP 28 September 2026
Junior Accountant

J S P M & Associates LLP

Pune

B.Com

View Details
Company
14 October 2026
Asst. Manager/Dy Manager (Costing)

manufacturing

Pune

CMA

View Details
Company
24 October 2026
CA Industrial Trainee

Fytomax Nutrition Private Limited

Aurangabad

CA Inter

View Details