29 May 2012
Service provider is required to get registered on taxable service receipts exceeds Rs. 9.00 lakhs. If abatement is available for the particular service whether the exemption limit is before abatement or after availing abatement
29 May 2012
As per rule 2(b) of Service Tax (Registration of special category of persons) Rules, 2005 aggregate value means “aggregate value of taxable service” means the sum total of first consecutive payments received during a financial year towards the gross amount, as prescribed under section 67 of the Act, charged by the service provider towards taxable services but does not include payments received towards such gross amount which are exempt from the whole of service tax leviable thereon under section 66 of the Act under any notification other than Notification No. 6/2005-Service Tax, dated the 1st March, 2005.
It is clear from the above definition that value shall be calculated before allowing abatement.
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