Service tax exemption
This query is : Resolved
24 December 2008
Please guide me
For example :-
For the f.y 2007-08 service tax exemption was 8 lacs my service tax receipts was 7 lacs in 2007-08 & I have not pay any service tax in that financial year But in f.y 2008-09 service tax exemption limit is 10 lacs . would I pay service tax in 2008-09 (my service tax receipts was on 31.06.08 was 4 lacs) or in the f.y 2008-09 can I get a benefit of exemption limit 10 lacs.( in the fy 2008-09 service tax receipts would be exempt upto 10 lacs or if my service tax receipts will 9 lacs in 2008-09 , would this service tax receipts 9 lacs exempted)
Can i get exemption for every Year ?
For example :-
For the f.y 2007-08 service tax exemption was 8 lacs my service tax receipts was 7 lacs in 2007-08 & I have not pay any service tax in that financial year But in f.y 2008-09 service tax exemption limit is 10 lacs . would I pay service tax in 2008-09 (my service tax receipts was on 31.06.08 was 4 lacs) or in the f.y 2008-09 can I get a benefit of exemption limit 10 lacs.( in the fy 2008-09 service tax receipts would be exempt upto 10 lacs or if my service tax receipts will 9 lacs in 2008-09 , would this service tax receipts 9 lacs exempted)
Can i get exemption for every Year ?
24 December 2008
Your service tax exemption limit for f.y 2008-09 is Rs 10 lakhs.
24 December 2008
YES YOU ARE RIGHT.
EXEMPTION AVAILABLE FOR 2008 - 09
EXEMPTION AVAILABLE FOR 2008 - 09
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
- REGARDING GST ON COMMERICIAL PROPERTY
- Is this income indian or foreign income?
- 15ca /15cb whose income tax login? remitter or nri seller's login?
- Regarding Documentation & Compliances for Opening of Unit of Pvt Ltd.
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- TDS U/S. 194NF
- 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
- TDS deduction (debit notes)
- Can a partnership firm become partner in a LLP ?
- 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
- TDS on purchase of value vouchers for employees ?
- 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 ?
Trending Online Classes
CAclubindia
