Service tax exemption limit.
This query is : Resolved
S. Y. Chandrachud
(Querist)
05 February 2016
Dear Sir,
My client has obtained Service Tax Registration as Tour Operator. He is liable to Pay Service Tax @25% of Total Receipts & @75% as abatement.
My query is how will he get Exemption
1) Total Receipts 40,00,000/- Taxable Value will be Rs. 10,00,000/- (Being 25% is Taxable)
2) Total Receipts 10,00,000/- Taxable Value will be Rs. 2,50,000/-(Being 25% is Taxable)
My client has obtained Service Tax Registration as Tour Operator. He is liable to Pay Service Tax @25% of Total Receipts & @75% as abatement.
My query is how will he get Exemption
1) Total Receipts 40,00,000/- Taxable Value will be Rs. 10,00,000/- (Being 25% is Taxable)
2) Total Receipts 10,00,000/- Taxable Value will be Rs. 2,50,000/-(Being 25% is Taxable)
CA R SEETHARAMAN
(Expert)
05 February 2016
His total receipts is 40 lacs but taxable value is 10 lacs up to this value he is exempted as small service provider. Once he crosses this limit service tax payable.
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