regarding computation of taxable service
This query is : Resolved
28 March 2008
will the basic exemption limit of rs 800000 be deducted from the total receipts to arrive at the figure that is taxable under service tax.
is there any such provision for a first time service tax payer?
is there any such provision for a first time service tax payer?
28 March 2008
YES THERE IS LIMIT OF RS.10 LAKHS i.e FOR THE FIRST TIME 10 LAKH IS EXEMPT
28 March 2008
Yes. For service provider coming under the tax net for the very first time, the receipts amounting to Rs. 10 lakhs(Rs. 8 lakhs upto 31.03.2008) is exempt.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Is this income indian or foreign income?
- 15ca /15cb whose income tax login? remitter or nri seller's login?
- GST on export of services and Input Credit
- ITC temporary reversal and reclaim
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- TDS U/S. 194NF
- Regarding Documentation & Compliances for Opening of Unit of Pvt Ltd.
- Inventory of finished goods
- Applicable TDS rate for sale of property in Nov 2024
- GST ON EXPORT COMMISSION
- Credit profit and loss account in case of bonus share received
- How to determine cost of acquisition of shares on De-merger or Merger
- LAST YEAR 2022-23 ITC IN NEXT YEAR 2023-24 REPORITNG IN GSTR-9
- MIS MATCH OF INVOICE NUMBER
- IGST Credit-Show cause notice issued-confusion
- Issue of gst e invoice
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
- Query for dubts
Trending Online Classes
CAclubindia
