Basic Exemption Limt
This query is : Resolved
10 August 2010
While Calculating Basic Exemption Limit(for both registration as well as for charging Service Tax), receipt against Exempt Services(For eg. Receipts against Exports of Services) Should be considered or not?
As on 10.08.2010
Total Receipts=Rs. 9,50,000/-
Receipts Against Exports(Exports)=Rs. 3,00,000
Receipts against Taxable Service=Rs.6,50,000/-
Wether I am required to get registered on 10.08.2010?
As on 10.08.2010
Total Receipts=Rs. 9,50,000/-
Receipts Against Exports(Exports)=Rs. 3,00,000
Receipts against Taxable Service=Rs.6,50,000/-
Wether I am required to get registered on 10.08.2010?
10 August 2010
Aggregate value of taxable services need only be considered. For details see explanation (B) to clause 3 of original notification 6/2005 dated March 1,2005.
CA Sanat Pyne
(Expert)
10 August 2010
wheather it includes or not?
Receipts Against Exports(Exports)=Rs. 3,00,000
Receipts Against Exports(Exports)=Rs. 3,00,000
Manmohan ACA, CS
(Expert)
10 August 2010
no you are not required to get registered as aggregate value of taxable service does not exceed Rs. 900000
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