Charging of service tax after reach exemption limit
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
18 October 2012
Dear Sir,
I am a Small Service Provider and not yet registered, Our rendered service value exceed the exemption limit of Rs. 10 Lakh,
I am liable to pay service tax on the exceeded amount or whole amount including Rs. 10 lakh ???
Thanking you
Yours faithfuly
Javad
ICWAI - Inter
Calicut
I am a Small Service Provider and not yet registered, Our rendered service value exceed the exemption limit of Rs. 10 Lakh,
I am liable to pay service tax on the exceeded amount or whole amount including Rs. 10 lakh ???
Thanking you
Yours faithfuly
Javad
ICWAI - Inter
Calicut
18 October 2012
Only on amount in excess of exemption limit
i.e.,amount in excess of Rs 10 lacs.
For example:
The limit of exemption for small sevice provider is 10 lacks then if service turnover is exceeds to 11 lakhs then sevice tax would be applicable for additional 1 lakhs only.
i.e.,amount in excess of Rs 10 lacs.
For example:
The limit of exemption for small sevice provider is 10 lacks then if service turnover is exceeds to 11 lakhs then sevice tax would be applicable for additional 1 lakhs only.
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