Hi All
I wish to understand how the turnover is calculated for Service Tax Registration / Payment
I know the limit is 9 Lacs turnover for Registration and 10 lacs for Payment of Service tax... If my turnover is 8 lacs from Services rendered in India and 3 Lacs from Services rendered outside India, am I considered as having crossed the 10 lacs threshold?
Regards
Ajay
Any idea?
Please help with your expert comments
" am I considered as having crossed the 10 lacs threshold?" No.
The small scale exemption benefit is provided to those with aggregate turnover is less than 10 lakhs in a financial year wide notification No 33/2012-ST. As per the said definition, aggregate turnover excludes value of services not taxable/exempted from service tax.
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