Charging of service tax - Threshold limit

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....harging of service tax - Threshold limit<br> Query (Issue) Started By: - rajesh marwaha Dated:- 2-5-2007 Last Reply Date:- 3-5-2007 Service Tax<br>Got 2 Replies<br>Service Tax<br>An assessee having a ....

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....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 charging Service Tax ....

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....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 lakhs in the current year of ....

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....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 the aggregate value of taxabl....

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....e 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 FINANCIAL YEAR. As per your que....

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....ry 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<br> Discussion Forum - Knowledge Sharing ....