Threshold exemption limit

This query is : Resolved

GAURAV GOPAL BADWE (Querist)
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23 September 2012 DEAR ALL,
THRESHOLD EXEMPTION LIMIT IS AVALIBLE UPTO RS 10 LACS IN SERVICE TAX.

WE ARE HAVING 3 SERVICES 1) RENTING OF IMMOVABLE PROPERTY ( BILLING DURING LAST YEAR IS RS. 1.08 LACS ) 2) MAINTENANCE OR REPAIRS SERVICES ( BILLING DURING LAST YEAR RS. 75000 ) 3) AND GOODS TRANSPORT AGENCY SERVICES ( PAYMENT OF SERVICE TAX DURING LAST YEAR IS RS. 18.5 LACS )

CONSIDERING ABOVE, IF WE CAN AVAIL ABOVE EXEMPTION LIMIT OF RS 10 LACS WHILE BILLING THIS YEAR. IN OTHER WAY IF GTA TURNOVER IS INCLUDIBLE WHILE CALCULATING BASIC EXEMPTION LIMIT OF 10 LACS.

REGARDS,

GAURAV G BADWE.

Vishakha Kejriwal.

Vishakha Kejriwal. (Expert)
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24 September 2012
On the facts given you would be entitled to the basic exemption limit. In other words,
GTA turnover shall not be included in calculating the basic exemption limit. Please refer Not. 33/2012-ST.

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