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Applicability of exemption limit on GTA, Service Tax |
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Applicability of exemption limit on GTA |
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Whether threshold limit of Rs.4lac, which is now extended to Rs.8lac, is applicable to consignee service tax regn.holders taken regn. under goods procured by transport agencies? Also please clarify meaning of service tax regn.limit extended to Rs.7lac?
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Benefit of exemption upto Rs. 4 lacs (Rs. 8 lacs) is not available to consignee or consignor who are liable to pay service tax in the capacity of recipient of services. For general category who are eligible to avail exemption are not supposed to seek the registration certificate if their turnover is not exceeding Rs. 7 lacs (earlier 3 lacs)
That means even if the consignee has done one transaction of Transportation invovlving payment of say Rs. 50,000/- during a financial year will have to register and make payment of service tax to the revenue?
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