GTA service tax

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....TA service tax<br> Query (Issue) Started By: - frankling g Dated:- 16-6-2016 Last Reply Date:- 21-6-2016 Service Tax<br>Got 4 Replies<br>Service Tax<br>For example my turnover is 50 lakhs in a year . Around 40% of items are exempted form service tax( rice, pulses, milk, salt , foodgrains etc...) ie 20laks are exempted . In remaing 30 lakhs 70% is abated .ie 3000000 - 2000000 = 9 lakhs .Now my taxa....

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....ble service is 9 lakhs only. Can I get small scale exemption now ? Please clarify Reply By KASTURI SETHI: The Reply: My answer is NO. Pl go through Para 2(viii) of Notification No.33/12-ST dated 20.6.12 as amended. It starts with, &quot;aggregate value of taxable service and not taxable value. Service is taxable but exempted by way of abatement. Reply By frankling g: The Reply: Sethi sir , wh....

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....ether the GTA has to pay service tax for the 9 lakhs? Reply By KASTURI SETHI: The Reply: Dear Sir, In the example given by you, your figure of &#8377; 9 lakhs is incorrect. Out of 50 lakhs, twenty lakhs is fully exempted. From &#8377; 30 lakhs, deduct threshold exemption limit of Rs.ten lakhs. From remaining balance of &#8377; 20 lakhs, avail abatement of &#8377; 14 lakhs (70%). Now ST is to b....

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....e paid on taxable value of Rs.6 lakhs and not 9 lakhs. Pl. note that if you have already crossed threshold exemption limit of Rs.ten lakhs in the preceding year, no threshold exemption is admissible this current year. Reply By Ganeshan Kalyani: The Reply: Sir, I agree with the views of Sri Kasturi Sir. In detail reply submitted indeed. Thanks.<br> Discussion Forum - Knowledge Sharing ....