Just a moment...

Report
FeedbackReport
×

By creating an account you can:

Logo TaxTMI
>
Feedback/Report an Error
Email :
Please provide your email address so we can follow up on your feedback.
Category :
Description :
Min 15 characters0/2000
Add to...
You have not created any category. Kindly create one to bookmark this item!
Create New Category
Hide
Title :
Description :
+ Post a Query
Post a New Query
Title :
0/200 char
Description :
Max 0 char
Category :
Delete Reply

Are you sure you want to delete your reply beginning with '' ?

Delete Issue

Are you sure you want to delete your Issue titled: '' ?

Discussion Forum

Back

All Issues

Advanced Search
Reset Filters
Search By:
Search by Text :
Press 'Enter' to add multiple search terms
Select Date:
FromTo
Category :
OR
Search by Issue ID:
NOTE: If you have inputs in both the fields, then results will be shown for issueId first.
Issue ID : 4982
- 0 -

Basic Exemption of Rs.10 Lakhs in Service Tax

Date 26 Nov 2012
Replies7 Answers
Views 7722 Views
Asked By

I want to know that basic exemption limit of rs. 10 lakhs in service tax is to be seen every financial year. or is it that once you crossed 10 lakhs limit, you have to pay service tax even though in next financial year amount is below rs. 10 lakhs. ? pls provide reference also.

7 answers
Sort by

Old Query - New Comments are closed.

Hide
- 0
Replied on Nov 26, 2012
1.

The turnover of the preceding year only is to be considered. If turnover is below 10 lac in preceding year then exemption may be claimed again

- 0
Replied on Nov 26, 2012
2.

I agree with above reply.

- 0
Replied on Nov 28, 2012
3.

i also agree with the same

- 0
Replied on Nov 29, 2012
4.


I  ALSO  AGREE  WITH  THE SAME.

- 0
Replied on Nov 29, 2012
5.

In addition to what has been said above, I wish to say with reference to your question that once your cross the limit of Rs 10 Lakh, only next year you will not be entitled for any exemption. Again if your turnover is less that Rs 10 Lakh in a year  the next year you will be entitled for exemption.

- 0
Replied on Nov 30, 2012
6.

Reply of Niraj Kumar is most proper, 10 Lac limit of  Exemption is available in basis of turnover limit of preceding finanacial year that means any year limit within the 10 lac in that case exemption is available next financail year.

- 0
Replied on May 29, 2013
7.

will we do include service tax amount in 10 laks limit for asess service tax liability.

Thanks  

Old Query - New Comments are closed.

Hide
Recent Issues