Exemption limit _ builder & developer

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AJAY JAYRAJ THKAUR (Querist)

19 December 2015 Hi Friends
One of our client just stated business of Builder last year
His total receipt from Flat sell for F.Y. 2013-14 only Rs. 2,00,000/-
Hist total receipt for F.Y. 2014-15 Rs. 20,00,000/-
My Question is When he is require to get registered for Service tax &
Whether he is require to pay tax on
1) total receipt Rs. 22,00,000/-
2) on Rs. 20,00,000/-
3) on Rs. 10,00,000/- only

please provide information (as per act)

Thanks in advance

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)

19 December 2015 Service tax registration to be done when receipts exceed 9 lacs and pay service tax on receipts in excess of 10 lacs.
So pay service tax on 10 lacs only.
For FY 2015-16 service tax to be paid on full amount.

AJAY JAYRAJ THKAUR

AJAY JAYRAJ THKAUR (Querist)

19 December 2015 Hi
Thanks for reply
Is builder enjoy basic exemption, even if he is crossing the limit of Rs.10 lacs during the financial year?
Because one of my friend told me that if any builder crossing the limit of 10 lacs during the financial year he has to pay service tax on all the money which he has received during that year.

Please help me......
Thanks in advance

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)

19 December 2015 For the first year 10 lacs exemption available.

Message likes : 1 times

AJAY JAYRAJ THKAUR

AJAY JAYRAJ THKAUR (Querist)

21 December 2015 Hi
Thanks for your guildance

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