Service tax querry
This query is : Resolved
23 October 2013
If Company Service Tax Limit is 900000/- in Service Tax Registration
Then Co. Exceed 900000/- limit......1065450.79/- he have to pay Service Tax 165450.79
Then Co. Exceed 900000/- limit......1065450.79/- he have to pay Service Tax 165450.79
23 October 2013
The threshold limit of exemption of service tax is Rs10 Lakhs. Registration is mandatory after Rs.9 Lakhs. Once the threshold limit is crossed in a financial year the ST has to be paid on the excess over Rs.10 lakhs i.e. in your case on Rs.65,451/-.
Also please note that once the threshold limit is crossed in a financial year in the subsequent financial year all transactions are taxable and the threshold exemption cannot be availed again.
Also please note that once the threshold limit is crossed in a financial year in the subsequent financial year all transactions are taxable and the threshold exemption cannot be availed again.
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