Service Tax

Limit? for applying for registration.

Well, service tax payment is exempted for the first gross value of Rs. 10 lakhs in a fnancial year. You are expected to take registration after crossing the limit of 9 lakhs.

However, the exemption notification is voluntary. If you dont want to avail exemption and want to take credit of the inputs/input services; you can opt to pay duty any time you wish.

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