Service tax calculation

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Hatim Hussain Kankroli Wala (Querist)
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06 November 2012 Dear Members,

How to determine taxable turnover of services from the following details -

FY Export Domestic
2008-09 2172189 180624
2009-10 24346225 733496
2010-11 28546869 NIL
2011-12 24563770 261029
2012-13 7966986 59667
pls, also tell how to avail SSI exemption in this query?

@VaibhavJ

@VaibhavJ (Expert)
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06 November 2012 Hi

Taxable services of aggregate value not exceeding Rs. 10 Lakhs in any financial year from the whole of the service tax leviable thereon under section 66 of the said Finance Act is EXEMPT.

Aggregate value means the sum total of value of taxable services charged in the first consecutive invoices issued or required to be issued, as the case may be, during a financial year

but

does not include value charged in invoices issued towards such services which are exempt from whole of service tax leviable thereon under section 66 of the said Finance Act under any other notification.

Since FY 2012-13 TO would be less then 10L no ST to be paid.

refer link for clarity:
https://taxguru.in/service-tax/service-tax-reverse-mechanism-ssi-exemption-benefit-part-ii.html

Thanks//Vaibhav
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Hatim Hussain Kankroli Wala

Hatim Hussain Kankroli Wala (Querist)
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06 November 2012
What Section 66 says about Export of Services?

@VaibhavJ

@VaibhavJ (Expert)
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06 November 2012 Hi,

Refer link given above that it eloberatibe inclusive of S/66.

Thanks//Vaibhav
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