How to calculate Exemption
This query is : Resolved
18 February 2009
Dear
sales 01/04/05 to 31/03/06 is Rs. 490790/-
sales 16/06/05 to 31/03/06 is Rs. 387645/-
Service tax on tyre retreading apply from 16/06/2005.
sales 01/04/06 to 31/03/07 is Rs. 592070/-
Is the exemption of 4.00 Lacs available for the year 06-07 because T.O. of 04-05 is below 4.00 Lacs (T.O. calculate form applicability of service tax)
Please reply me. It's urgent please.
CA NIRMAL JHANWAR
sales 01/04/05 to 31/03/06 is Rs. 490790/-
sales 16/06/05 to 31/03/06 is Rs. 387645/-
Service tax on tyre retreading apply from 16/06/2005.
sales 01/04/06 to 31/03/07 is Rs. 592070/-
Is the exemption of 4.00 Lacs available for the year 06-07 because T.O. of 04-05 is below 4.00 Lacs (T.O. calculate form applicability of service tax)
Please reply me. It's urgent please.
CA NIRMAL JHANWAR
19 February 2009
sales 01/04/05 to 31/03/06 is Rs. 490790/-
sales 16/06/05 to 31/03/06 is Rs. 387645/-
Service tax on tyre retreading apply from 16/06/2005.
Ans -----No liability during the above period
sales 01/04/06 to 31/03/07 is Rs. 592070/-
Ans-----Liability on Rs. 192070/-
Is the exemption of 4.00 Lacs available for the year 06-07 because T.O. of 04-05 is below
Ans-----Yes exemption shall be available since as the same cannot be considered for applying the limit since the service was not taxable service during that period.
4.00 Lacs (T.O. calculate from applicability of service tax)
Ans-----Yes computed from the applicability of service tax and not prior to that.
sales 16/06/05 to 31/03/06 is Rs. 387645/-
Service tax on tyre retreading apply from 16/06/2005.
Ans -----No liability during the above period
sales 01/04/06 to 31/03/07 is Rs. 592070/-
Ans-----Liability on Rs. 192070/-
Is the exemption of 4.00 Lacs available for the year 06-07 because T.O. of 04-05 is below
Ans-----Yes exemption shall be available since as the same cannot be considered for applying the limit since the service was not taxable service during that period.
4.00 Lacs (T.O. calculate from applicability of service tax)
Ans-----Yes computed from the applicability of service tax and not prior to that.
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