Save Rs 588 on a 2-Year Ad-Free CAclubindia Pro Membership. Subscribe Now!

Basic exemption for registration

Save Share

Join Us Follow Us Add as Source

This query is : Resolved

Report Follow Query Ask a Query

Querist : Anonymous

Querist : Anonymous (Querist)

29 May 2012 Service provider is required to get registered on taxable service receipts exceeds Rs. 9.00 lakhs. If abatement is available for the particular service whether the exemption limit is before abatement or after availing abatement

PUNEET GOYAL

PUNEET GOYAL (Expert)
Follow

29 May 2012 As per rule 2(b) of Service Tax (Registration of special category of persons) Rules, 2005 aggregate value means
“aggregate value of taxable service” means the sum total of first consecutive payments received during a financial year towards the gross amount, as prescribed under section 67 of the Act, charged by the service provider towards taxable services but does not include payments received towards such gross amount which are exempt from the whole of service tax leviable thereon under section 66 of the Act under any notification other than Notification No. 6/2005-Service Tax, dated the 1st March, 2005.

It is clear from the above definition that value shall be calculated before allowing abatement.

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