Service tax exemption limit

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

07 February 2015 Hi
We have service tax registration of courier service as well as Renting of immovable property. The net turn over in courier
business is more than 10 lakh, Can we avail the exemption limit of Rs.10 lakh in renting service?

CMA Nishad Patkar

CMA Nishad Patkar (Expert)
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07 February 2015 No, if aggregate value of all the taxable services provided exceeds Rs. 10 Lakh, you have to pay a tax on balance amount. This benefit is available assessee wise and not service wise. Hence you will have to pay service tax on any amount exceeds RS.10 Lakh

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