Service tax exemption limt
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
04 December 2012
dear experts,
I registered under service tax and my turnover in 2010 is 1050000, in 2011 is 1350000 and in 2012 it is only 975000. my question is can i avail basic exemption limit of 1000000 in 2010 and now how much amount i have to service tax and how to calculate?
I registered under service tax and my turnover in 2010 is 1050000, in 2011 is 1350000 and in 2012 it is only 975000. my question is can i avail basic exemption limit of 1000000 in 2010 and now how much amount i have to service tax and how to calculate?
04 December 2012
You can avail the exemption of Rs. 10 lakhs for the year 2010.
Service tax shall be payable on the balance Rs. 50,000
Service tax shall be payable on the balance Rs. 50,000
04 December 2012
Hi
For 2010-11 the service tax exemption limit is 10 Lacs.
For 2010-11 the service tax exemption limit is 10 Lacs.
04 December 2012
Hi
FGo to the following Notification:
Notification No.31/2011-ST and 34/2011-ST, dated April 25, 2011.
http://www.servicetax.gov.in/faq-29sept11.pdf
FGo to the following Notification:
Notification No.31/2011-ST and 34/2011-ST, dated April 25, 2011.
http://www.servicetax.gov.in/faq-29sept11.pdf
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