SERVICE TAX LIMIT - 10 LACK, Service Tax

[Nilesh Nayakpara nay]

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

Posts / Replies

[NEERAJ KUMAR, RANCHI]

No, in the next year you will not be entitled for any excemption.

[Nilesh Nayakpara nay]

thank you sir

[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

[Nilesh Nayakpara]

ok, thak you very much sir