Calculation of basic threshhold exemption?

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Querist : Anonymous

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Querist : Anonymous (Querist)
21 November 2013 For F.Y. 09-10, 10-11,11-12,12-13,
What was the basic exemption limit for SSP?

Is The SSP exemption available to Professionals?

Does Advance Fees received is also included in calculation of thresh hold limit?

21 November 2013 Rs. 10 lakhs for all the cited F.Ys.
Ref:- notification 8/2008 dated 1-3-2008.

21 November 2013 i believe, since service tax liability would arise when u receive the advance, it should also be included for computation of turnover.

Warrier Sir may correct me if I am arong.

22 November 2013 @Kaushik Ji

Yes you are correct.
Ref:- Explanation (B) to notification 6/2005 r.w.s 67(1)(i) of the Finance Act,1994.

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Querist : Anonymous

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Querist : Anonymous (Querist)
23 November 2013 Thank You. Warrier Sir & Mr.Kaushik

23 November 2013 you are welcome friend.


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