Service tax

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

03 September 2011 hi friends

is limit of 900000 of registration is applicable to the individual services or bunch of services provided together.

e.g
construction services - 800000
renting a cab - 750000

is service tax registration is compulsory.

thanks in advance

Hari Beldona

Hari Beldona (Expert)
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03 September 2011 One time Service Tax exemption is allowed to10 lacs in a financial year amount in addition to10 lacs is taxable. From next financial year entire amount is taxable.

Earlier amount of exemption was4 lacs, later it was increase to8 lacs and now 10 lacs at present by amendment in said notification. This notification is available at their web site www.cbec.gov.in

refer notification No. 8/2008-Service Tax

Service Tax is on aggregate value of taxable services rendered

one should register within 30 days of commencement of business.