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
Suresh Ramaswamy
(Expert)
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.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Accounting treatment of AMC alongwith the purchase of Laptop
- Nursery business
- Condonation Request sec 119(2) b -Enhancement Limit of Leave Exemption prior to AY 2023
- Tax on Amount transferred in HUF Account
- Issuing of delivery challan by seller of goods
- Not ordinarily resident having partnership income in India and salary in USA is any form to filed be
- GST Treatment of Purchases with GST Paid where Outward Supplies of Manufactured CattleFeed Exempt
- WRONG GSTR7 ENTRIES ACCEPTED ERRONEOUSLY
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
