Service tax limit
This query is : Resolved
22 August 2014
Dear All,
A person receives gross consultancy fees of Rs. 8,50,000/- in the financial year. He also received rent of Rs. 2,40,000/- from letting out his roadside stalls. Will both receipts be considered for service tax limit?
Is he liable to register & charge service tax on these receipts?
Thanks & Regards,
Niki
A person receives gross consultancy fees of Rs. 8,50,000/- in the financial year. He also received rent of Rs. 2,40,000/- from letting out his roadside stalls. Will both receipts be considered for service tax limit?
Is he liable to register & charge service tax on these receipts?
Thanks & Regards,
Niki
22 August 2014
Where a taxable service provider provides one or more taxable services , the exemption shall apply to the aggregate value of all such taxable services and not separately for each services.
Rupesh Jain
(Expert)
22 August 2014
yes if your receipts is over ten lacs then you have to apply for service tax registration.
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