Is there any taxable limit for charging of Service tax.
I recently saw a bill raised by CA for Rs. 4000, however, he did not charge any ST. Is there any limit or exemptions on which ST is to be charged??
Sonia (Auditor) (112 Points)
26 October 2012Is there any taxable limit for charging of Service tax.
I recently saw a bill raised by CA for Rs. 4000, however, he did not charge any ST. Is there any limit or exemptions on which ST is to be charged??
Ankit
(CA, CS)
(3064 Points)
Replied 26 October 2012
st is chargeable, only if the value of the services exceeds Rs. 10,00,000
Ankit
(CA, CS)
(3064 Points)
Replied 26 October 2012
you are welcome.
actually the provision is that if in the previous yr the Calue did not exceed 10,00,000 then he will be a small service provider and is not reqd to charge ST upto 10,00,000
Sonia
(Auditor)
(112 Points)
Replied 26 October 2012
Yes..I understood the concept. The link below was quite useful:
Live Course on EPF & ESI Act - Mastercourse(With Govt Certificate)