excess of 10 lakhs
This query is : Resolved
20 November 2009
dear experts
if the service receipt in the last year exceeds 9 lakhs and got registered. can we claim exemption in the current year upto 10 lakhs receipt or we have to count the balance amount from the last year 9 lakhs i.e., 10 lakhs minus last year service receipt?
thanks in advance
if the service receipt in the last year exceeds 9 lakhs and got registered. can we claim exemption in the current year upto 10 lakhs receipt or we have to count the balance amount from the last year 9 lakhs i.e., 10 lakhs minus last year service receipt?
thanks in advance
20 November 2009
in current year you can avail exemption for wholle Rs.10 lakhs.
20 November 2009
Agreed with Expert Ravi. If provided your receipts was less than 10.00 lakhs, in the next accounting year you will continue to remain registered and you will be obliged to file the returns on due dates. However, your liability to service tax will start once you cross 10.00 lakhs in the year. Do not forget to file your nil returns as registration casts that obligation on you. Once you have crossed 10.00 lakhs in the year, your liability for service tax starts from day 1 in the next year.
20 November 2009
i also agreed with the experts.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Itr 1 processing
- Off Market debit and credit transaction
- ITR 2 Short Term gain & Long term gain
- Reporting Income under Section 44ADA
- INCOME TAX ON REDEVELOPEMENT OF FLAT
- Form 10E u/s 89(1). Need clarification because experts opinions differ !!!!
- ITR returnFY25-26
- Short Term Capital gain on shares bought and sold after 2018 onwards
- Share accounting-->fifo - capital gain - period as per fifo?
- ITR validation error - Balance sheet is not filled
- Article ship defecit
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- Difference in tax comparison report
- Gst invoice numbering and delivery challan numbering
- Sales amount in Gstr1
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
