(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?
Posts / Replies
No, in the next year you will not be entitled for any excemption.
thank you sir
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.
A M SHEMBEKAR
ok, thak you very much sir