suppse a service became taxable for 01.05.2011 so wheather the amount of services given in 01.04.2011 to 30.04.2011 is counted for the limit of 1000000.00
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Query abiut exception limit of 1000000
Replies (4)
yes it will be included for calculating limit of rs 1000000 exemption
If service is brought under Service Tax net from 01.05.2011 it appears that the amounts of service given from 01.04.11 to 30.04.11 will not be counted for the limit of 10,00,000 because as per definition the "aggregate value of Rs. 10,00,000/-" does not include payments received towards such gross amount which are exempt from whole of service tax leviable thereon under section 66 of the said Finance Act under any other notification.
Since the service provided from from 01.04.11 to 30.04.11 was exempted from service tax the value of the same will not be counted.
became taxable for 01.05.2011 so wheather the amount of services given in 01.04.2011 to 30.04.2011 is counted for the limit of 1000000.00
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Read more at: /forum/query-abiut-exception-limit-of-1000000-254227.asp
from the date when service become taxable from that date u have to calculate exemption limit
For the period of 1.4.2011 to 30.4.2011 value will not be enclude in 10 lakhs. Because before the 1.5.2011 services was exempted and exempted service will not be count for the purpose of SSI exemption.
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