Service Tax Exemption Limit

Others 9438 views 20 replies

If your client turnover in last year exceeds 10 lacs then in the current year exemption limit will not be available and total amount would be taxable.

Govind Bidwai

Replies (20)

If your client turnover in last year exceeds 10 lacs then in the current year exemption limit will not be available and total amount would be taxable.

Govind Bidwai

previous year your company exceed turnover 15 lacs & next year your company  receive 15 lacs entire amont is liable for s.tax.

 

Originally posted by : govind nandkumar bidwai

If your client turnover in last year exceeds 10 lacs then in the current year exemption limit will not be available and total amount would be taxable.

Govind Bidwai

he can avail exemption of 10 lacs each year, provided he does not avail input credit. 

Registration does not mean payment of service tax. A registered service provider can avil the exemption upto 10 lakhs provided he is providing unbranded services and his previous years taxable services does not exceed 10 lakhs.

In case of ST paid in an instance the same maybe returned to the clients/ cusotmer. Alternatively the same can be paid under section 73A.

Yes limit is persently only Rs.10 Lakh

 

in financial year total invoice amount Rs.9,00,000/- and previous year Rs.12,00,000/-

and next previous year total invoice amount Rs. 8,00,000

 

Give me advoice to payment of service tax.


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register