St on services having abatement
This query is : Resolved
Iqbal Singh Grover
(Querist)
15 May 2012
A person is providing industrial and commercial construction services..
His total revenue is Rs.24 Lac ( Approx Rs.8 Lacs after abatement ) ..
Doubt :
Is he liable to pay ST ?
His total revenue is Rs.24 Lac ( Approx Rs.8 Lacs after abatement ) ..
Doubt :
Is he liable to pay ST ?
15 May 2012
Yes ,since the aggregate value of taxable service rendered has exceeded the threshold limit of Rs.10 lakhs.
CA Parmeshwar Rathi
(Expert)
16 May 2012
Undoubtly Yes! please refer the text of the original Notification No 06/2005, where "aggreegate" word mentioned. the abstract is here:
"In exercise of the powers conferred by sub-section (1) of section 93 of the
Finance Act, 1994 (32 of 1994) (hereinafter referred to as the said Finance Act), the Central
Government, on being satisfied that it is necessary in the public interest so to do, hereby exempts
taxable services of aggregate value not exceeding (....THE AMOUNT IS AT PRESENT IS 10 LAKHS...) rupees in any financial year from the
whole of the service tax leviable thereon under section 66 of the said Finance Act
"In exercise of the powers conferred by sub-section (1) of section 93 of the
Finance Act, 1994 (32 of 1994) (hereinafter referred to as the said Finance Act), the Central
Government, on being satisfied that it is necessary in the public interest so to do, hereby exempts
taxable services of aggregate value not exceeding (....THE AMOUNT IS AT PRESENT IS 10 LAKHS...) rupees in any financial year from the
whole of the service tax leviable thereon under section 66 of the said Finance Act
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