New User / Register | Bookmarks | Annual Subscription | Feedback |
Login: Stay
| Forget Password |
           
TMI - Tax Management India. Com  

 
Discussions Forum
Home Forum Service Tax Month 11 2011 2011 (11) This
← Previous Next →
 

SERVICE TAX LIMIT - 10 LACK - Service Tax

 
Issue Id: - 3548
Dated: -11-11-2011
By:- Nilesh Nayakpara nay
SERVICE TAX LIMIT - 10 LACK

DEAR SIR

GOOD MORNING!!!!

(1) SERVICE TAX TURN OVER LIMIT 10 LACK IS TAKEN BENEFIT FOR ALL SERVICES?

(2) IF I HAVE CROSSED THIS SERVICE TAX LIMIT IN CURRENT YEAR AND PAID SERVICE TAX, BUT IN THE NEXT YEAR I WILL APPLICABLE FOR 10 EXEMPTION LIMIT?

PLEASE ADVICE

THANKS

NILESH

Post Reply
 
Previous Posts
 


Dated: - 11-11-2011
By: - NEERAJ KUMAR, RANCHI
No, in the next year you will not be entitled for any excemption.



Dated: - 12-11-2011
By: - Nilesh Nayakpara nay

thank you sir




Dated: - 12-11-2011
By: - ANAND SHEMBEKAR

The basic exemption from payment of ST is Rs.10 Lakhs for a service provider for all the services provided and from all locations .For e.g. if your are providing the services from A B C D - 4 locations and 4 services , then GTO of all these locations and services to be clubbed together for calculating the limit of Rs. 10 Lakhs. In current year your GTO is exceeds Rs.10 Lakhs , so you are not eligible for exemption in next year. Refer Not 6/2005. dtd. 01.03.2005 as ameneded for other terms and conditions.

Thanks

A M SHEMBEKAR

CELL 91-9421187122




Dated: - 12-11-2011
By: - Nilesh Nayakpara

ok, thak you very much sir


 
 
Previous Next

 

what is new what is new

Updates Knowledge Sharing Subscription Communication Newsletters More Options




Go to Mobile Website Go To Top
© Taxmanagementindia.com [A unit of MS Knowledge Processing Pvt. Ltd.] All rights reserved.