Service tax exemption
This query is : Resolved
04 August 2011
Dear ALL,
X ltd is a new company providing taxable service. It has entered into a contract of rendering of service for Rs. 15 lakhs.
My query is
if i register before providing the service for service tax, will i get an exemption of Rs. 10 lakhs for service tax purpose?
X ltd is a new company providing taxable service. It has entered into a contract of rendering of service for Rs. 15 lakhs.
My query is
if i register before providing the service for service tax, will i get an exemption of Rs. 10 lakhs for service tax purpose?
04 August 2011
Please reply
04 August 2011
since the expected sale value exceed the exemption limit,i suggest to register under service tax.
Incase your annual billing is not exceeding the Rs.10 lakh then you can avail exemption. even after registered under service tax also you can claim basic exemption
Incase your annual billing is not exceeding the Rs.10 lakh then you can avail exemption. even after registered under service tax also you can claim basic exemption
05 August 2011
Thank you very much
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