Limit of Service Tax

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

14 September 2010 Hi All,

I want to know thant what is the service limit, i mean to say that when we have to pay service tax.

Thanks
Yogesh

CMA Ramesh Krishnan

CMA Ramesh Krishnan (Expert)
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14 September 2010 Service tax basic exemption limit is Rs. 10 Lakh, if your turnover exceed Rs. 9 lakh you need to register under service tax,

Service tax need to be start charge once your turnover is Rs.10 lakh or more in last financial year

CA. Praveen Narayan

CA. Praveen Narayan (Expert)
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15 September 2010
1) If in the previous year
Turn over
exceeds
Rs. 10 Lakhs

In the current year
S.Tax to be charged from the beginning

2) If in the previous year
Turnover
Doesnt exceed
Rs. 10 Lakhs

S.Tax to be charged if turnover
exceeds Rs.10lakhs (on the exceeding amount)

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