Very Very Urgent Query Of service tax......
This query is : Resolved
Santhosh Poojary
(Querist)
07 June 2009
hello sir/Madam........
Pls Solve My below mentioned Query....
A person has received a commission of Rs 14,00,000 in the very first year of his business, he has registered under Service Tax Act before liability exceeds 10,00,000.
Can he claim his initial exemption of Rs 10,00,000 ?
what will be amount on which the tax has to be paid? whether on 14,00,000 or 4,00,000?
Pls Reply Quick as possible …as its very urgent ……….
Regards : SANTOSH
Pls Solve My below mentioned Query....
A person has received a commission of Rs 14,00,000 in the very first year of his business, he has registered under Service Tax Act before liability exceeds 10,00,000.
Can he claim his initial exemption of Rs 10,00,000 ?
what will be amount on which the tax has to be paid? whether on 14,00,000 or 4,00,000?
Pls Reply Quick as possible …as its very urgent ……….
Regards : SANTOSH
Ram Avtar Singh
(Expert)
07 June 2009
you can claim exemption if 14 lack bill was issued to different paty. if a singal party then charged full amount of service tax on 14 laks.
Ram Avtar Singh
(Expert)
07 June 2009
if you are registered in previous year then you can not claim exemption.
Santhosh Poojary
(Querist)
07 June 2009
THANKS YOU SIR..............
CA Nitin Wadhwani
(Expert)
08 June 2009
If even bill is issued to single party, then also exemption is allowed.
Santhosh Poojary
(Querist)
09 June 2009
Thanks sir........
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