REGISTRATION
This query is : Resolved
10 June 2010
Sir,
A person has started Travel Agency (other than Air/Rail)on 1st April 2010. His receipt is less than Rs.9Lakhs.
Can he voluntarily take Service Tax Registration and claim Basic exemption of Rs.10Lakhs?
When he approach a service tax officer, the Officer said that if he voluntarily registered then he cannot claim the basic exemption. Is it correct?
Please reply
Thanks in Advance
A person has started Travel Agency (other than Air/Rail)on 1st April 2010. His receipt is less than Rs.9Lakhs.
Can he voluntarily take Service Tax Registration and claim Basic exemption of Rs.10Lakhs?
When he approach a service tax officer, the Officer said that if he voluntarily registered then he cannot claim the basic exemption. Is it correct?
Please reply
Thanks in Advance
10 June 2010
yes.Registration is required only the Turnover exceeds the basic exemption limit
10 June 2010
Any provider of taxable service whose aggregate value of taxable service in a financial year exceeds Rs.10 lakhs shall make an application for registration within a period of thirty days of exceeding the aggregate value of taxable service of Rs.10 lakhs.
The limit of Rs.10 lakhs is for one year. However this exemption is not available if you have crossed Rs.10 lakhs in the previous year. If you have not crossed Rs.10 lakhs of in the last year then you are eligible to avail the exemption for this year upto Rs.10 lakhs after which you have to collect and pay service tax to the department. If you exceed Rs.10 lakhs this year you will not be eligible to avail the exemption for next year
The limit of Rs.10 lakhs is for one year. However this exemption is not available if you have crossed Rs.10 lakhs in the previous year. If you have not crossed Rs.10 lakhs of in the last year then you are eligible to avail the exemption for this year upto Rs.10 lakhs after which you have to collect and pay service tax to the department. If you exceed Rs.10 lakhs this year you will not be eligible to avail the exemption for next year
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
- TDS on Consultancy- Non DTAA
- Reopen of assessment proceeding
- Depreciation of fixed assets- coop housing society in mumbai
- EPF FULL & FINAL RULES IN 2026
- Gift Received from nonblood relative
- Rental income gst and it purpose
- EXPORT BILL UNDER LUT FREIGHT CHARGE INCLUED IN INVOICE IT LIABLE TO TAX
- Experts need help
- Management System (IMS)
- Tax Audit u/s 44AB for Transport Business A proprietorship is engaged in transportation business and
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- STATUTORY AUDIT OF A SMALL PRIVATE COMPANY INCORPORATED ON 28.03.2025
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
- Resigning a auditor from the company for misconduct
- RCM @ 5% on Hamali charges, Transport Charges, Unloading charges we take ITC or not
- CALCULATION OF DEFFERED TAX - OP BL IS DTL & CURRET IT DTA
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
