What is the limit for applying service tax for educational institute?
What is the limit for applying service tax for educational institute?
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.
| Originally posted by :Rajesh Kumar | ||
| " | 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. |
" |
thanks for reply
Shaswat initial support private limited
Ahmedabad
CS
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