exemption

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DARSHAN (Querist)
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26 March 2009 suppose i have taxable service of Rs.45 lacs out of them i did not charge on Rs.10 lacs due to exemption of Rs.10 lacs,so only payable of service tax only 35 lacs or not ? is this my answer right or not

Bhaskaran Chackrapani Warrier

Bhaskaran Chackrapani Warrier (Expert)
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26 March 2009 If in the immediately preceeding previous year the gross value of services provided was less than Rs.10 lakhs, then your answer is correct. Otherwise you are liable to pay ST on Rs.45lakhs.

DARSHAN

DARSHAN (Querist)
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26 March 2009 I AM VERY CONFUSING IN THIS QUESTION BECAUSE OF ONE OF THE OFFICER OF SERVICE TAX DEPARTMENT SAYS THAT TAX IS PAYABLE AFTER CONSIDERING OF EXEMPTION LIMIT ?
CAN U REPLY ME A IN WHICH SECTION THIS INFORMATION IS GIVEN.

IF THIS ANSWER WILL DIFFER IF THIS IS THE FIRST YEAR OF PROVIDING SERVICE THAN TAX IS PAYABLE ONLY 35 LACS OR ON 45 LACS

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