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??
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??
st is chargeable, only if the value of the services exceeds Rs. 10,00,000
Thanks Ankit :)
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
Yes..I understood the concept. The link below was quite useful:
/forum/details.asp?mod_id=196995&offset=1
Naveen Fintech Pvt Ltd
Kolkata
CA Inter
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Gupta Sachdeva & Co. Chartered Accountants
New Delhi
CA Final
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CAclubindia
