TaxTMI 
TaxTMI 
TaxTMI 
Threshold exemption
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....hreshold exemption<br> Query (Issue) Started By: - mohan k Dated:- 9-2-2015 Last Reply Date:- 11-2-2015 Service Tax<br>Got 3 Replies<br>Service Tax<br>I have crossed receipt of ₹ 13 Lakhs in the....
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.... yeatr 2001-2012. I have paid service tax for the above receipt of ₹ 3Lakh/-(Rs.10Lakhs exemption). In Receipt of ₹ 10Lakh I have received and paid Service tax for the sum of ₹ 4Lakh....
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..... Now Whether i have to pay service tax for the balance of ₹ 6Lakh for the above year. Reply By MARIAPPAN GOVINDARAJAN: The Reply: Your query is not clear. The threshold exemption for levying ....
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....service tax is ₹ 10 lakhs. If the turnover exceeds ₹ 10 lakhs in a financial year service tax is laible to be levied. Reply By Naveed S: The Reply: Sir, In the first year for one time, ....
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....you can get threshold exemption upto ₹ 10 Lacs and then u need to get registration and pay service tax on amount exceeding ₹ 10 Lacs. However, if the above ₹ 13 lacs pertains to next....
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..../subsequent year, then you have to pay service tax on the whole amount i.e. on Rs. 13 lacs. Reply By PAWAN KUMAR: The Reply: Dear Sir, The reply of Sh.Naveed Ji is right. If your turnover exceeds &....
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....#8377; 10 Lakh during previous Financial year, You have to take registration during the succeeding year and start paying service tax on all your transactions.<br> Discussion Forum - Knowledge Sharing ....
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