service tax

Others 1386 views 7 replies

C.A Tarun Shah

practice

271 Points Joined May 2008

IF SUPPOSE ASSESSEE IS RENDERING DIFFERENT SERVICE .EACH SERVICE IS BELOW EXEMPTION LIMIT BUT ALTOGETHER IT IS ABOVE EXEMPTION LIMIT THEN ASSESSEE IS LIABLE TO SERVICE TAX OR NOT PL.CLARIFY

EXAMPLE ASSESSEE IS HAVING COMISSION INCOME.ROYLATY INCOME & OTHER SUCH INCOME WHICH IS WITHIN PREVIEW OF S.TAX

PL.CLARIFY

Replies (7)

Vineet Bansal

Serving as AM- Accounts

60 Points Joined August 2008

If the total receipt of all the services are above the exemption limit the service tax registration will be required. it does not matter that endividual service receipt is below the exempton limit.

Darshan

Service

54 Points Joined June 2007

It is Assessewise and not Service wise.,

So total turnover / receipt from all services exceed exemtion limit of Rs 10 lacs , he is covered under perview of service tax for all services..

C.A Tarun Shah

practice

271 Points Joined May 2008

HI VINIT

TKS.

CAN U GIVE ME CIRCULAR REG.THIS

CA. C V SURYAM

Practising Chartered Accountant

865 Points Joined April 2008

Value of all taxable services of aggregate value not exceeding Rs.10 lakhs in any financial year exempt from the whole of the service tax leviable thereon.

Above limit is not applicbale where...

(i) taxable services provided by a person under a brand name or trade name, whether registered or not, of another person; or

(ii) such value of taxable services in respect of which service tax shall be paid by such person and in such manner as specified under sub-section (2) of section 68 of the said Finance Act read with Service Tax Rules,1994.