tax calculation for small service provider
This query is : Resolved
12 October 2010
Till 31.3.2010 my receipts were much below Rs. 10 lacs.
During current financial year I receied the following amounts (cheque+tds)
29.5.2010 Rs. 2,75,750
05.6.2010 Rs. 2,50,000
06.9.2010 Rs. 4,75,000
Total Rs.10,00,750
now since the amount has crossed the basic exemption limit of Rs 10 lacs than please guide me know that at which amount service tax is payable
CA Sanjeev Jain
9811274429
During current financial year I receied the following amounts (cheque+tds)
29.5.2010 Rs. 2,75,750
05.6.2010 Rs. 2,50,000
06.9.2010 Rs. 4,75,000
Total Rs.10,00,750
now since the amount has crossed the basic exemption limit of Rs 10 lacs than please guide me know that at which amount service tax is payable
CA Sanjeev Jain
9811274429
12 October 2010
Service tax is payable only on Rs.750/-
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