Exemption limit of 10lakhs


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Querist : Anonymous

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Querist : Anonymous (Querist)
27 August 2013 PLz let me know i am receiving rent on immovable property and charges service tax on
it.Whether i can claim exemption of Rs.10 lakhs while paying service tax to govt.or i have to pay the tax collected without exemption.My receipts in the previous year is less than 10 lakhs

27 August 2013 If you have collected service tax, you should pay it and can not avail the exemption. You can take CENVAT credit

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Querist : Anonymous

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Querist : Anonymous (Querist)
27 August 2013 Thanks sir,but can i take cenvat credit paid on telephone bill and hotel bills as i m an individual

27 August 2013 Yes you can take credit against both the services


disclaimer- all answers are given as per the facts narrated by you. Answer may differ after study of full facts/statements/agreements etc. involved in the case


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