Service tax b. exemption for entities oprtng in one premises
This query is : Open
Querist : Anonymous
Querist :
Anonymous
(Querist)
10 September 2012
My query is- Suppose i have three partnerships where in partners involved are the same, having same/different profit sharing ratios. All three are conducting three separate taxable services. Will the basic exemption of rs.10 Lacs will be available to each of the partnership/other entities separately?
11 September 2012
It is an interesting question. A quick answer to this is as under :-
1. all the above firms are distinct legal entity, they are a person as defined under service tax and are entitled for separate registration
2. in view of the above a very quick answer is that each one of them is entitled for SSP exemption
1. all the above firms are distinct legal entity, they are a person as defined under service tax and are entitled for separate registration
2. in view of the above a very quick answer is that each one of them is entitled for SSP exemption
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
- TDS DEMAND.
- TDS-Fixed assets
- 139(4) for ITR-5- audit
- Joint Account Closure
- RCM PAID ON RENT IN RESTAURANT BUSINESS @ GST RATE 5%
- Registartion of trust
- TDS can We Adjust 194C Amount to 194J
- Regarding Claim of ITC of FY 2020-21
- Mentioned xyz as employer name instead of xyz LLC in ITR
- Reversal of unutilized ITC can be paid through ITC
Trending Online Classes
-
25 Hours GST Scrutiny of Return and Notice Handling(With Recording)
Industry Expert14 February 2025 -
Survey, Search and Seizure under Income Tax Act 1961
CA Hari Agarwal
CAclubindia
