Service Tax limit for CA

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NK1976

NK1976 (Querist)
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18 February 2011 Dear Sir,

I want to know that the service tax limit for Chartered Accountant Firm is 10 Lacs & I received fees for FY 2010-11 is 1225750/- than service tax applicable on which amount? Kindly give the suggestion.

Thanking You.
N. Kadam

Bhaskaran Chackrapani Warrier

Bhaskaran Chackrapani Warrier (Expert)
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18 February 2011 Threshold exemption up to Rs.10/- lakhs can be availed. Ref notifications 6/2005 as amended by 4/2007 and further amended by 8/2008.

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Aditya Maheshwari

Aditya Maheshwari (Expert)
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18 February 2011 Are you asking or replying?
because your query contains the answer itself.

However if your receipts in F. Y. 2009 - 10 was exceeding Rs. 10 lakhs then no exemption and service tax payable on whole amount.

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