Exemption limit for service tax

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recently i visted service tax commisionate to file my service tax returns. I was shocked when the concerned officer told me that ,one can not in the same year ,have some portion of service income in exempted ctagory (due to available limits)and rest with tax liablity. I wish the officer is either ignorent or oversmart. can some through light on actual rule in this regard. thanks in advance.
Replies (49)
recently i visted service tax commisionate to file my service tax returns. I was shocked when the concerned officer told me that ,one can not in the same year ,have some portion of service income in exempted ctagory (due to available limits)and rest with tax liablity. I wish the officer is either ignorent or oversmart. can some through light on actual rule in this regard. thanks in advance.

If you are availing exemption for the first time, it is fine.  But exemption cannot be availed every year.  What is your case?

for the financial year 2008-09 please tell me the service tax exemption limit.

Rs.10 Llakhs.

2,00,000 only...but from next year all receits would be taxed...

2,00,000 only...but from next year all receits would be taxed...

2,00,000 only...but from next year all receits would be taxed...

It is only on Rs. 2 lakhs .........as over the exemption limit of Rs. 8 Lakhs.

we are corporate company,  we are suppose to charge Rs.5000/- per month towards rent for one of our the company for whom who have given a small office in our premises. Let us know the service tax implication for this.

Whether we need to charge service tax or not?

Do you have any other taxable income?

Dear Sir,

10 lakhs limit for service tax exemtion is applicable to individual only or this limit is available to partnership firm also.

Regards,

Dharmesh Kimiyager

 

 

 

Rs.10 Lakhs exemption is available not only for propritor but also to Parnership firms and Private and Public limited companies.

Please guide me how much Service tax on Advetising agency ?

If any examption on its?

 

Thanking you

Prashant

12.36% as usual.  10 Lakhs exemption limit available.

Dear Sir,

As i am receiving around 30 lacs commission per annum in readymade garment distribution and paying service tax on whole amt. Whether any particular amt is exempted or i have to pay full amt service tax on 30 lacs commission ??

Gautam 


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