Service tax limit

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niki (Querist)
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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

Bhaskaran Chackrapani Warrier

Bhaskaran Chackrapani Warrier (Expert)
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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

Rupesh Jain (Expert)
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22 August 2014 yes if your receipts is over ten lacs then you have to apply for service tax registration.

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