Service tax on which amount

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

16 October 2014 Experts,

Q (1)
If turnover of taxable services exceeds thresh hold limit (Exceeds 10 lacs p.a.) first time, then service tax will be applicable on whole turnover or only on amount in excess of thresh hold limit.

i.e. if turnover is Rs.11 lacs, then service tax will be liable on 11 lacs or 1 lac ???

Q (2)
Once service tax is applicable to any concern, then it will be applicable to succeeding years irrespective of turnover in coming years or only in the year in which it exceeds thresh hold limit ??

Thanks.

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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16 October 2014 In the case of first time taxable service exceeds thresh hold service tax will be applicable only on the amount in excess of thresh hold limit. For the subsequent year it will be applicable irrespective of turnover.

Querist : Anonymous

Querist : Anonymous (Querist)

16 October 2014 Thanks Seetharamanji for such a quick and prompt reply.

@VaibhavJ

@VaibhavJ (Expert)
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16 October 2014 A - 1) on Rs. 1 lacs
A - 2) Yes in next year also applicable subject to condition,

check this:

https://www.taxvani.com/2013/12/exemption-under-service-tax-to-small.html

https://www.charteredclub.com/service-tax-exemption/

Querist : Anonymous

Querist : Anonymous (Querist)

16 October 2014 Thanks Vaibhavji............

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