ABATEMENT Vs EXEMPTION

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..... ABATEMENT Vs EXEMPTION
Query (Issue) Started By: - Abhisek Tibrewal Dated:- 24-11-2011 Last Reply Date:- 3-12-2011 Service Tax
Got 2 Replies
Service Tax
On availing abatement under notifi .....

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..... cation no.- 34/2011-S.T. ; can the threshold exemption limit of Rs. 10 Lakhs be claimed, being the first year of operation of the hotel (accomodation service provider) ? Reply By Deepak Nagori: The R .....

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..... eply: Dear Abhishek, Yes the exemption limit of Rs. 10 lacs can be availed and service tax shall be payable for billings in excess of Rs. 10 lacs for the first year. From next year, though, you woul .....

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..... d have to charge service tax right from the beginning. Regards CA Deepak Nagori Reply By R.S. Mangal: The Reply: The Exemption will be on first 10 lacs being gross amount without any abatement whi .....

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..... ch may be noted.
Discussion Forum - Knowledge Sharing .....

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