Service Tax Exemption Limit
This query is : Resolved
18 December 2010
Dear Sir/Madam
Mr. A & B started a Partnership Firm in 2000, and Those Business turnover didn't exceed the Service Tax Taxable Limit in Last Nine Year, But in FY 2010-11 Turnover exceed the 2250000/-
Pls kindly Let me Know what is My assessable value 2250000/- or 1250000/-
and i want to Know wheather Basic exemption Limit 10,00,000/- applicable all the assessee ( Individual, Firm, Company)or not kindly advice.
Thanks and regards
Chandru
Mr. A & B started a Partnership Firm in 2000, and Those Business turnover didn't exceed the Service Tax Taxable Limit in Last Nine Year, But in FY 2010-11 Turnover exceed the 2250000/-
Pls kindly Let me Know what is My assessable value 2250000/- or 1250000/-
and i want to Know wheather Basic exemption Limit 10,00,000/- applicable all the assessee ( Individual, Firm, Company)or not kindly advice.
Thanks and regards
Chandru
18 December 2010
Chandry,first of all i think it;s not FY 2010-11,its AY 2010-11.When your Gross receipts exceeds Rs.900000 ,you should get ST registeration.This is in th case of all Assesses
18 December 2010
For Registration 9 Lacs.
Duplication
here
https://www.caclubindia.com/experts/exemption-limit-544035.asp
Duplication
here
https://www.caclubindia.com/experts/exemption-limit-544035.asp
18 December 2010
Ok Sir, Can you let me know assessable value for above case
Thanks
Chandru
Thanks
Chandru
18 December 2010
It is Rs.12,50,000/- only.
20 December 2010
Yes,the Assessable value is only Rs.12.50 lac
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