TaxTMI 
TaxTMI 
Availability of exemption limit
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....vailability of exemption limit<br> Query (Issue) Started By: - CA. R.K.Aggarwal Dated:- 28-1-2008 Last Reply Date:- 29-1-2008 Service Tax<br>Got 1 Reply<br>Service Tax<br>If monthly rent of commercial....
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.... property is Rs. 1,10,000/-wef july,07 but I do not get rent for for feb & mar,08. thereby total rent recd is Rs.7,70,000/-only till March,08 althogh bills raised upto march,08 would be for Rs.990000/....
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.... crossing 8 lac exemtion limit. Query 1) As total receipt is less than 8 lac for 07-08, I need not pay any service tax for 07-08. 2)and again for 08-09, would I be entitled for first 8 lac exemption a....
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....s aggregate value of taxable service was below 8 lac in pr.year(because as per notification dt 1-3-05, aggaregate value means the sum total of first cosecutive payments received.) Is this view correct....
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..... Reply By V Ramanujam: The Reply: As per the notification, exemption is available till the aggregate value of payments received crosses Rs.8 lakhs provided no tax is charged on to the customer and n....
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....o CENVAT credit is claimed. 1) you are not lable to pay tax for the fin.year 07-08. (2) you are not liable to pay tax for the FY 08-09 till the receipts during the year crosses Rs.8 lakhs.<br> Discuss....
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