Registration
This query is : Resolved
Ashutosh Kumar Jha
(Querist)
12 August 2013
Dear Sir,
During the current FY i.e FY 2013-14, we are going to provide a renting of immovable property services exceeding Es 1000000/- and hence accordingly get registered. now if we will provide service of Rs 200000/- p.m, then when i should get start the collection of Service Tax and is there exemption is available ?
Thanking You
Ashutosh
During the current FY i.e FY 2013-14, we are going to provide a renting of immovable property services exceeding Es 1000000/- and hence accordingly get registered. now if we will provide service of Rs 200000/- p.m, then when i should get start the collection of Service Tax and is there exemption is available ?
Thanking You
Ashutosh
CA Suresh Jain
(Expert)
13 August 2013
An exemption from service tax is available for aggregate value of taxable service up to Rs. 10 Lakh provided in previous year the amount of taxable service did not exceed Rs. 10 lakh.
You should therefore, start charging service tax after billing crosses Rs. 10 lakh. Remember, you shall not be eligible for CENVAT.
You should therefore, start charging service tax after billing crosses Rs. 10 lakh. Remember, you shall not be eligible for CENVAT.
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