Exemption limit applicable to proprietor
This query is : Resolved
hetal shah
(Querist)
17 September 2014
If an Individual has one proprietary business registered with service tax and now wants to start a new business under different proprietory firm name
(1) whether he has to take separate registration under service tax for another proprietary business
(2) whether basic exemption limit of 10 lacs to compute for two proprietary business separately, if he is paying ST for first business and wants to get exmeption of 10 Lacs for another business, is it possible?
(1) whether he has to take separate registration under service tax for another proprietary business
(2) whether basic exemption limit of 10 lacs to compute for two proprietary business separately, if he is paying ST for first business and wants to get exmeption of 10 Lacs for another business, is it possible?
Nikhil Kaushik
(Expert)
17 September 2014
no. the exemption shall be available overall for all the services offered....
18 September 2014
agreed with above reply
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
- Tax on Amount transferred in HUF Account
- Nursery business
- Working on Gold wastage during Melting of old gold jewellery
- GST REFUND ISSUE ON PURCHASE OF PLANT AND MACHINERY
- TDS on Dashcam rent and allied services
- Condonation Request sec 119(2) b -Enhancement Limit of Leave Exemption prior to AY 2023
- GST input credit on commercial property
- Section 269ST applicability for capital introduced by partner to his partnership firm
- ETDS return q4 25-26
- Intimation under section 245
- Gift to nri relatives residing in usa
- GSTR-9C filing
- Royalty payments to the Mining Department for procurement of murum - GST input
- HOW TO ADJUST CREDIT NOTE AMOUNT ?
- Import Order Cancelled.
- WRONG GSTR7 ENTRIES ACCEPTED ERRONEOUSLY
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
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
