TMI BlogCharging of service tax - Threshold limitX X X X Extracts X X X X X X X X Extracts X X X X ..... An assessee having a turnover of Rs. 7.50 Lacs in the financial year 2006-07 was charging and depositing Service Tax. Now the Threshold limit has been increased to 8.00 lacs. Should the Assessee stop ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... charging Service Tax w.e.f. 1.4.2007? - Reply By Madhukar N Hiregange - The Reply = In your query turnover = value of taxable servcies provided. If so then he is eligible for exemption upto Rs.8 lakh ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... s in the current year of taxable servcies recived. Once the same is exceeded he is exected to charge and collect the servcie tax. - Reply By Vijay Chitte - The Reply = YES, As per Notificaiton-6/2005 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... the aggregate value of taxable services rendered by a provider of taxable service from one or more promises, does not exceed rupees four lakhs, (FROM 01/04/07 LIMIT IS EIGHT LAKHS)IN THE PRECEEDING FI ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... NANCIAL YEAR. As per your query your turnover does not exceeding EIGHTY LAKHS in F.Y. 2006-07, therefore you are liable for exemption in current f.y. Vijay Chitte - Claris - Charging of service tax - ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Threshold limit - Query Started By: - rajesh marwaha Dated:- 2-5-2007 Service Tax - Got 2 Replies - Service Tax - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Ta ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... x Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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