Is basic exemption limit is available for every sevrice sep
This query is : Resolved
27 April 2009
Whether one will get basic exemption limit in respect of every particular service it provides
or
If a Co is registered once under service tax for a particular service, then he is liable for every new service that it provides irrespective of the amt that it collects in respect of new service i.e. even if it collects Rs100/- for new service.
Mine particular problem
A transport Co providing taxable transport service in excess of RS 7Lac and registered under Transport of goods by road. If the same co. receives Rs 500 or so towards Rent or CNF, then whether it is required to get registered for the other two services also or it will get some initial exemption limit in respect of the two new services.
Pls Advice
or
If a Co is registered once under service tax for a particular service, then he is liable for every new service that it provides irrespective of the amt that it collects in respect of new service i.e. even if it collects Rs100/- for new service.
Mine particular problem
A transport Co providing taxable transport service in excess of RS 7Lac and registered under Transport of goods by road. If the same co. receives Rs 500 or so towards Rent or CNF, then whether it is required to get registered for the other two services also or it will get some initial exemption limit in respect of the two new services.
Pls Advice
27 April 2009
For arriving at the threshold exemption limit meant for small scale service providers, the aggregate value of taxable services rendered by a provider of taxable service from one or more premises is clubbed together.
If the transport company has already reached the threshold exemption limit while providing transport service in any financial year, then any new service provided by him in the same year would attract service tax from the beginning.
If the transport company has already reached the threshold exemption limit while providing transport service in any financial year, then any new service provided by him in the same year would attract service tax from the beginning.
27 April 2009
I agree with Mr SS Roy to the extent of aggregation of all taxable services by a service provider. But to my knowledge, one can avail of this threshold exemption in the current year based on the value of taxable services in the previous year. For eg. If ur taxable services doens't exceeds the threshold limit in the year 2007-08. There is no need to levy service tax for billings since 01.04.2008 onward till u cross the threshold exemption limit.Beyond that u have to charge...
28 April 2009
I also agree that the basic exemption is qua service provider and not service(s) provided.
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