Basic exemption limit applicability
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
10 April 2014
1.SOME ONE IS CROSSING 10 LAC IN A FINANCIAL YR. WHETHER TO PAY ST FOR ENTIRE YR. OR AFTER CROSSING 10 L.
2.WHAT IF NEXT YR. SERVICE IS BELOW 10 L.
2.WHAT IF NEXT YR. SERVICE IS BELOW 10 L.
10 April 2014
1. Registration of ST is required when u cross limit of Rs. 9 lacs in a F.Y. and require to collect ST when u cross limit of Rs. 10 lacs (greater than Rs. 10 lacs)
2. If next year, you are still require to collect ST where service provided value is less than 10 lacs
2. If next year, you are still require to collect ST where service provided value is less than 10 lacs
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