Limit of Service Tax
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
14 September 2010
Hi All,
I want to know thant what is the service limit, i mean to say that when we have to pay service tax.
Thanks
Yogesh
I want to know thant what is the service limit, i mean to say that when we have to pay service tax.
Thanks
Yogesh
14 September 2010
Service tax basic exemption limit is Rs. 10 Lakh, if your turnover exceed Rs. 9 lakh you need to register under service tax,
Service tax need to be start charge once your turnover is Rs.10 lakh or more in last financial year
Service tax need to be start charge once your turnover is Rs.10 lakh or more in last financial year
15 September 2010
1) If in the previous year
Turn over
exceeds
Rs. 10 Lakhs
In the current year
S.Tax to be charged from the beginning
2) If in the previous year
Turnover
Doesnt exceed
Rs. 10 Lakhs
S.Tax to be charged if turnover
exceeds Rs.10lakhs (on the exceeding amount)
1) If in the previous year
Turn over
exceeds
Rs. 10 Lakhs
In the current year
S.Tax to be charged from the beginning
2) If in the previous year
Turnover
Doesnt exceed
Rs. 10 Lakhs
S.Tax to be charged if turnover
exceeds Rs.10lakhs (on the exceeding amount)
Message likes :
1 times
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- CG Tax On residential property
- Post Office RD Interest
- Applicable TDS for Purchase of Flat from NRI
- Claiming exemption of perquisite for employee-owned car under New Tax Regime in ITR-2
- Eway bill for machinery reparing
- Gift of mutual fund units to daughter
- ITR 3 FILING OF AN INDIVIDUAL (PARTNER IN A PARTNERSHIP fIRM)
- Annual return of gst limit
- Reporting of STCG on Property in ITR
- Form 10BD Filling
- Not able to file ITR
- Delisted shares sold in off market/ Rebate u/s87A
- In Exports Sales HSN details where to fill
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- Difference in tax comparison report
- Gst invoice numbering and delivery challan numbering
- Sales amount in Gstr1
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
