REGISTRATION
This query is : Resolved
10 June 2010
Sir,
A person has started Travel Agency (other than Air/Rail)on 1st April 2010. His receipt is less than Rs.9Lakhs.
Can he voluntarily take Service Tax Registration and claim Basic exemption of Rs.10Lakhs?
When he approach a service tax officer, the Officer said that if he voluntarily registered then he cannot claim the basic exemption. Is it correct?
Please reply
Thanks in Advance
A person has started Travel Agency (other than Air/Rail)on 1st April 2010. His receipt is less than Rs.9Lakhs.
Can he voluntarily take Service Tax Registration and claim Basic exemption of Rs.10Lakhs?
When he approach a service tax officer, the Officer said that if he voluntarily registered then he cannot claim the basic exemption. Is it correct?
Please reply
Thanks in Advance
10 June 2010
yes.Registration is required only the Turnover exceeds the basic exemption limit
10 June 2010
Any provider of taxable service whose aggregate value of taxable service in a financial year exceeds Rs.10 lakhs shall make an application for registration within a period of thirty days of exceeding the aggregate value of taxable service of Rs.10 lakhs.
The limit of Rs.10 lakhs is for one year. However this exemption is not available if you have crossed Rs.10 lakhs in the previous year. If you have not crossed Rs.10 lakhs of in the last year then you are eligible to avail the exemption for this year upto Rs.10 lakhs after which you have to collect and pay service tax to the department. If you exceed Rs.10 lakhs this year you will not be eligible to avail the exemption for next year
The limit of Rs.10 lakhs is for one year. However this exemption is not available if you have crossed Rs.10 lakhs in the previous year. If you have not crossed Rs.10 lakhs of in the last year then you are eligible to avail the exemption for this year upto Rs.10 lakhs after which you have to collect and pay service tax to the department. If you exceed Rs.10 lakhs this year you will not be eligible to avail the exemption for next year
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?
- REGARDING GST ON COMMERICIAL PROPERTY
- 15ca /15cb whose income tax login? remitter or nri seller's login?
- Regarding Documentation & Compliances for Opening of Unit of Pvt Ltd.
- TDS U/S. 194NF
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- ITC temporary reversal and reclaim
- GST on export of services and Input Credit
- Applicable TDS rate for sale of property in Nov 2024
- Donation Receipt u/s 80G
- Quiery in relation to GST liability in case of an advocate who has obtained GST registration.
- 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
- Regarding einvoice taken on nil rated sales
Trending Online Classes
CAclubindia
