exemption limit
This query is : Resolved
18 December 2010
Dear Sir/Madam
Mr. A & B started a Partnership Firm in 2000, and Those Business turnover didn't exceed the Service Tax Taxable Limit in Last Nine Year, But in FY 2010-11 Turnover exceed the 2250000/-
Pls kindly Let me Know what is My assessable value 2250000/- or 1250000/-
and i want to Know wheather Basic exemption Limit 10,00,000/- applicable all the assessee ( Individual, Firm, Company)or not kindly advice.
Thanks and regards
Mr. A & B started a Partnership Firm in 2000, and Those Business turnover didn't exceed the Service Tax Taxable Limit in Last Nine Year, But in FY 2010-11 Turnover exceed the 2250000/-
Pls kindly Let me Know what is My assessable value 2250000/- or 1250000/-
and i want to Know wheather Basic exemption Limit 10,00,000/- applicable all the assessee ( Individual, Firm, Company)or not kindly advice.
Thanks and regards
18 December 2010
Yes SSI Exemption Limit Applicable to UR Firm.
and For This See Last Year That ST Statuse Was SSI Or Not is Yes The This Time 22.5 Lacs - 10 Lacs = 12.5 Lacs U Have to Pay Service Tax
and For This See Last Year That ST Statuse Was SSI Or Not is Yes The This Time 22.5 Lacs - 10 Lacs = 12.5 Lacs U Have to Pay Service Tax
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