banner_ad

Threshold Exemption

This query is : Resolved 
Profile Image

Profile Image

(Querist)
13 April 2009 Value of services rendered in the year 08-09 was Rs. 10,50,000/-, then it is clear that I can not avail exemption in the year 09-10. Question is whether I have to pay service tax on Rs. 2,00,000/- (out of 10.5 lakhs mentioned above) received in the year 09-10 in relation to services rendered in the year 08-09.
Profile Image

CA.Hanumantha Reddy

Profile Image

CA.Hanumantha Reddy (Expert)
13 April 2009 As per Notification No. 6/2005-S.T. (As amended by Notification Nos 4/207 nd 8/2008) Explanation B Upto Rs 10,00,000 is exempted from payment of service tax. In this regard, for the financial year 07-08, payments received on or after 01.04.2008 will be the starting point. So as you need not to pay service tax upto Rs. 10 Lakhs in the year 09-10.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro
Join CAclubindia WhatsApp Finance Community & stay updated with the latest TAX news, compliance alerts and important updates all in one place!


Similar Resolved Queries


loading


Unanswered Queries


banner

Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Subscribe Now

Follow us
add to google news



Answer Query



Quick Links



Browse by Category




Latest Job Openings

View all
Company
23 May 2026
Account Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details
Company
22 May 2026
Audit assistant

Displayandbeyond

Mumbai

CA

View Details
Company
Featured 28 May 2026
SEMI QUALIFIED/ CA DROPOUTS/ ARTICLES

T R SOOD & CO

New Delhi

CA Inter

View Details
Company
ARTICLESHIP 04 June 2026
Article

Rakhecha & Co.

New Delhi

CA Inter

View Details
Company
19 May 2026
Accountant

ca kunjan

Mumbai

CA Inter

View Details
Company
26 May 2026
Audit executive

vdsr & co LLP

Chennai

CA Inter

View Details
Company
Featured 27 May 2026
Lead Conversion Executive / Sales Closing Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details
Company
26 May 2026
Senior Accountant cum purchase Manager

Vardhaman Group of India

Pimpri Chinchwad

CA Inter

View Details