Service tax exemption of rs.10 lacs

1359 views 1 replies

I am providing GTA service and my gross reciept for the year is Rs.12lacs

As there is notification which provided 75% abatement (to pay tax on 25%)

whether I am liable to ST as 

if abatement is first taken then my taxable value will be Rs. 9 and I am not liable to ST 

whereas if exemption of Rs.10lacs to be claimed first then ST will be chargable on 2*75% lacs

 

which is correct please help its urgent

Replies (1)
No. You have to pay the sevice tax of the whole amount of 12 lakhs.


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register