Exemption Under Service Tax
This query is : Resolved
S.Jegadeesan
(Querist)
07 September 2010
Sir,
I need to clarify one doubt i.e. If a Service provider can get the exemption upto Rs. 10 Lakhs If he is not collected the Service Tax ?
Ex: M/s.ABC Ltd has a turnover for Rs. 20 Lakhs from its activities during F.Y.2009-10 & not regd upto Rs. 10 Lakhs.Then only it regd & collect the Service Tax.Is it require to pay the Service Tax on the whole turnover? or the amount exceeding Rs. 10 Lakhs?
Pl clarify the above doubt.
S.Jegadeesan.
I need to clarify one doubt i.e. If a Service provider can get the exemption upto Rs. 10 Lakhs If he is not collected the Service Tax ?
Ex: M/s.ABC Ltd has a turnover for Rs. 20 Lakhs from its activities during F.Y.2009-10 & not regd upto Rs. 10 Lakhs.Then only it regd & collect the Service Tax.Is it require to pay the Service Tax on the whole turnover? or the amount exceeding Rs. 10 Lakhs?
Pl clarify the above doubt.
S.Jegadeesan.
S.Jegadeesan
(Querist)
07 September 2010
I need to clarify one doubt i.e. If a Service provider can get the exemption upto Rs. 10 Lakhs If he is not collected the Service Tax ?
Ex: M/s.ABC Ltd has a turnover for Rs. 20 Lakhs from its activities during F.Y.2009-10 & not regd upto Rs. 10 Lakhs.Then only it regd & collect the Service Tax.Is it require to pay the Service Tax on the whole turnover? or the amount exceeding Rs. 10 Lakhs? (Assume all the amount are received)
Pl clarify the above doubt.
S.Jegadeesan
Ex: M/s.ABC Ltd has a turnover for Rs. 20 Lakhs from its activities during F.Y.2009-10 & not regd upto Rs. 10 Lakhs.Then only it regd & collect the Service Tax.Is it require to pay the Service Tax on the whole turnover? or the amount exceeding Rs. 10 Lakhs? (Assume all the amount are received)
Pl clarify the above doubt.
S.Jegadeesan
07 September 2010
Thresold limit can be availed meaning thereby excess over Rs.10 lakhs is liable for service tax.
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