Service tax b. exemption for entities oprtng in one premises
This query is : Open
Querist : Anonymous
Querist :
Anonymous
(Querist)
10 September 2012
My query is- Suppose i have three partnerships where in partners involved are the same, having same/different profit sharing ratios. All three are conducting three separate taxable services. Will the basic exemption of rs.10 Lacs will be available to each of the partnership/other entities separately?
11 September 2012
It is an interesting question. A quick answer to this is as under :-
1. all the above firms are distinct legal entity, they are a person as defined under service tax and are entitled for separate registration
2. in view of the above a very quick answer is that each one of them is entitled for SSP exemption
1. all the above firms are distinct legal entity, they are a person as defined under service tax and are entitled for separate registration
2. in view of the above a very quick answer is that each one of them is entitled for SSP exemption
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