Aggregate Value of 10 lakhs ??

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....ggregate Value of 10 lakhs ??<br> Query (Issue) Started By: - ramkishore gupta Dated:- 20-1-2017 Last Reply Date:- 23-1-2017 Service Tax<br>Got 7 Replies<br>Service Tax<br>Dear Sir Let me know aggregate value to taxable service of &quot;RS 10 Lakhs &quot;means after abatement or before abatement allowed????? For eg If I provide service of &#8377; 11,00,000.00 and has an abatement @40 % will it ....

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....cross the limit of &#8377; 10 lakhs exemption? Thanks Reply By Rajagopalan Ranganathan: The Reply: Sir, The question of availing abatement will arise only when you cross the exemption limit of &#8377; 10 lakhs. Therefore &#8377; 10 lakhs limit is calculated by the totaling the gross value charged by you in your invoice till you cross the limit of &#8377; 10 lakhs. This is my opinion. Reply ....

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....By ramkishore gupta: The Reply: Thanks for the reply please also let me know as per the example given above what will be my tax liability?? 11,00,0000 x 60%(after considering 40% abatement) 6,60,000 (Taxable Value) -10,00,0000(exemption) = zero or 11,00,0000(Total Value) - 10,00,0000 (exemption) = 1,00,000 x 15% (service tax) = 15000 tax payable thanks Reply By KASTURI SETHI: The Reply: You a....

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....re to pay ST on &#8377; 1,00,000/-(11,00,000/- - 10,00,000/-). Avail abatement from this amount i.e.1,00,000/-, if admissible. Reply By Mahir S: The Reply: Yes, the views expressed above are correct. Reply By YAGAY AND SUN: The Reply: It&#39;s Gross Value of Ten Lacs and it is without any abatemet. Reply By MARIAPPAN GOVINDARAJAN: The Reply: In my view also the threshold limit is only for t....

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....he aggregate amount of &#8377; 10 lakhs. Reply By Ganeshan Kalyani: The Reply: Yes the abatement is applicable only on the taxable amount above threshold limit.<br> Discussion Forum - Knowledge Sharing ....