SERVICE TAX REGISTRATION EXEMPTION LIMIT FROM 2009-2010
This query is : Resolved
ANIL PANCHAL
(Querist)
09 April 2010
WHAT IS THE LIMIT OF SERVICE TAX REGISTRATION LIMIT FROM 2009-2010?
Shyam Lal Naik
(Expert)
09 April 2010
It is 9 lakh
Ram Avtar Singh
(Expert)
09 April 2010
(II) Section 66 pertaining to “Charge of service tax” is being amended to include the
services which are individually specified as taxable services in this year’s Finance
Bill
All the above mentioned amendments in section 65 and section 66 will come into effect
from a date to be notified after the enactment of the Finance Bill, 2008.
(III) Exemptions from service tax:
(1) The annual threshold limit of service tax exemption for small service providers
has been increased from the present level of Rs.8 lakh to Rs.10 lakh with effect from
01.04.2008, provided that the aggregate value of taxable services rendered by such
provider of taxable service from one or more premises, does not exceed Rs.10 lakh in the
preceding financial year.
[refer notification No. 8/2008-Service Tax, dated 01.03.2008]
Consequent upon increase in threshold limit of exemption from Rs.8 lakh to Rs.10
lakh, notification No.26/2005-Service Tax dated 07.06.05 and notification No.27/2005-
Service Tax dated 07.06.05 have been amended to raise the limit for obtaining service tax
registration from Rs.7 lakh to Rs.9 lakh.
[refer notification No. 9/2008-Service Tax,
No. 10/2008-Service Tax, and
No.11/2008-Service Tax, all dated 01.03.2008]
These changes will come into effect from 1st April, 2008.
services which are individually specified as taxable services in this year’s Finance
Bill
All the above mentioned amendments in section 65 and section 66 will come into effect
from a date to be notified after the enactment of the Finance Bill, 2008.
(III) Exemptions from service tax:
(1) The annual threshold limit of service tax exemption for small service providers
has been increased from the present level of Rs.8 lakh to Rs.10 lakh with effect from
01.04.2008, provided that the aggregate value of taxable services rendered by such
provider of taxable service from one or more premises, does not exceed Rs.10 lakh in the
preceding financial year.
[refer notification No. 8/2008-Service Tax, dated 01.03.2008]
Consequent upon increase in threshold limit of exemption from Rs.8 lakh to Rs.10
lakh, notification No.26/2005-Service Tax dated 07.06.05 and notification No.27/2005-
Service Tax dated 07.06.05 have been amended to raise the limit for obtaining service tax
registration from Rs.7 lakh to Rs.9 lakh.
[refer notification No. 9/2008-Service Tax,
No. 10/2008-Service Tax, and
No.11/2008-Service Tax, all dated 01.03.2008]
These changes will come into effect from 1st April, 2008.
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
- GST Audit whether Govt Companies are exempt?
- PTRC Show Cause Notice on Email
- Accounting treatment of AMC alongwith the purchase of Laptop
- Unable to File TDS Q2 Return – New TRACES Portal Error
- MSME disclosure and disallowance
- Taxation of crypto futures in India Fy 2026- 2027
- 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
- EPF ECR NEW RULES Sep 17th 2026
- Condonation Request sec 119(2) b -Enhancement Limit of Leave Exemption prior to AY 2023
- 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
- Goods sold but invoice not issued
- 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
