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
- CAPITAL GAIN BASE ON NOTIFICATION
- Form 140 tds
- Taxable or Tax exempt
- ADVANCE PAYMENT OF ADVOCATE
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- NRI starting business in India
- TDS Deducted AY-2013-14 Not Reflected in 26as
- Demand Outstanding AY 2013-14 TDS Deducted not shown in 26as
- Eway bill not cancelled within 24 hous what can be due
- Filling ITR - U
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- STATUTORY AUDIT OF A SMALL PRIVATE COMPANY INCORPORATED ON 28.03.2025
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
- Resigning a auditor from the company for misconduct
- RCM @ 5% on Hamali charges, Transport Charges, Unloading charges we take ITC or not
- CALCULATION OF DEFFERED TAX - OP BL IS DTL & CURRET IT DTA
- LLP audit under companies act
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
