Exemption limit for service tax
This query is : Resolved
04 October 2008
Sir
Acutually we have letout a property first time on monthly rent of Rs. 15.00 lac Per Annum from 1st Apr. 2008.
Now i have two queries namely:
1. What is the exemption limit we can get on that aforesaid amount, howerver we have already registered under service tax Act w.e.f. June, 2008.
2. on which amout we have to Collect/Deposit service tax.
3. is it mandatory to file nil return exemption of whole amout.
Acutually we have letout a property first time on monthly rent of Rs. 15.00 lac Per Annum from 1st Apr. 2008.
Now i have two queries namely:
1. What is the exemption limit we can get on that aforesaid amount, howerver we have already registered under service tax Act w.e.f. June, 2008.
2. on which amout we have to Collect/Deposit service tax.
3. is it mandatory to file nil return exemption of whole amout.
05 October 2008
1. If the value of service in a year exceeds Rs 10 lakhs you are liable for Service tax.
2. On the monthly rental amount.
3.When you are not exempted how can you file NIL return?
2. On the monthly rental amount.
3.When you are not exempted how can you file NIL return?
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
- Manual Rectification through AO
- IT Return filed defective u/s 139 (9)
- Fixed Deposit Claim Relinquishment by the Nominee
- ITR 6 Schedule CFL and UD Issues
- FREELANCING ACCOUNTANT
- Income Type for interest from government bonds
- Not a CA , can we prepare balance sheet
- TCS ON SOFTWARE SALES
- TDS RATE ON RENT PAID TO NRI
- Gstr 9 2023-24
- PAYMENT TO OPEN AI AND ENVATO ELEMENT
- From 15CA for remittance by domestic travel agent by to Foreign Destination Management Company.
- Issue of gst e invoice
- Interchangeable words in accounts
- Adjusted profit/Loss in the case of LLP and Pvt. Ltd.company
- 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
- Regarding Resignation by Auditor from Pvt. Ltd.
Trending Online Classes
CAclubindia
