liability of service tax
This query is : Resolved
22 June 2010
if the owner's 1 unit of business exceeds turnover of rs.10 lacs.he closes the 1st unit & start another unit in same business line where turnover does not exceed rs.10 lacs;whether service tax is liable?
plz rply.
plz rply.
22 June 2010
The taxable turnover limit is to be applied per person and not unit wise/busine line wise separately.
In the given facts, Service tax applicable on receipt towards taxable service in excess of Rs. 10L.
Since the TO of unit 1 exceeds Rs. 10L, entire TO of another unit shall be taxable.
In the given facts, Service tax applicable on receipt towards taxable service in excess of Rs. 10L.
Since the TO of unit 1 exceeds Rs. 10L, entire TO of another unit shall be taxable.
22 June 2010
agreed
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