Exemption limit of 10lakhs

This query is : Resolved

Querist : Anonymous

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

CA Suresh Jain

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

Querist : Anonymous

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

CA Suresh Jain

CA Suresh Jain (Expert)
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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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