Service Tax Exemption Limit
This query is : Resolved
18 December 2010
Dear Sir/Madam
Mr. A & B started a Partnership Firm in 2000, and Those Business turnover didn't exceed the Service Tax Taxable Limit in Last Nine Year, But in FY 2010-11 Turnover exceed the 2250000/-
Pls kindly Let me Know what is My assessable value 2250000/- or 1250000/-
and i want to Know wheather Basic exemption Limit 10,00,000/- applicable all the assessee ( Individual, Firm, Company)or not kindly advice.
Thanks and regards
Chandru
Mr. A & B started a Partnership Firm in 2000, and Those Business turnover didn't exceed the Service Tax Taxable Limit in Last Nine Year, But in FY 2010-11 Turnover exceed the 2250000/-
Pls kindly Let me Know what is My assessable value 2250000/- or 1250000/-
and i want to Know wheather Basic exemption Limit 10,00,000/- applicable all the assessee ( Individual, Firm, Company)or not kindly advice.
Thanks and regards
Chandru
18 December 2010
Chandry,first of all i think it;s not FY 2010-11,its AY 2010-11.When your Gross receipts exceeds Rs.900000 ,you should get ST registeration.This is in th case of all Assesses
18 December 2010
For Registration 9 Lacs.
Duplication
here
https://www.caclubindia.com/experts/exemption-limit-544035.asp
Duplication
here
https://www.caclubindia.com/experts/exemption-limit-544035.asp
18 December 2010
Ok Sir, Can you let me know assessable value for above case
Thanks
Chandru
Thanks
Chandru
18 December 2010
It is Rs.12,50,000/- only.
20 December 2010
Yes,the Assessable value is only Rs.12.50 lac
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Fixe term employment
- Is any professional CA is here please reply
- EXPORT BILL UNDER LUT FREIGHT CHARGE INCLUED IN INVOICE IT LIABLE TO TAX
- Putting a heading on received mail
- Gift Received from nonblood relative
- Reprocessing of rectification order AY 2025-26
- FTS Taxable under 115A
- Foreign lottery ticket bought online from India: legality, tax and consequences
- Experts need help
- Section 50-fixed asset-->building ceases to exist
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- STATUTORY AUDIT OF A SMALL PRIVATE COMPANY INCORPORATED ON 28.03.2025
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
- Resigning a auditor from the company for misconduct
- RCM @ 5% on Hamali charges, Transport Charges, Unloading charges we take ITC or not
- CALCULATION OF DEFFERED TAX - OP BL IS DTL & CURRET IT DTA
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
