21 May 2010
If for the year 09-10, total service provided is Rs. 18 lacs (billing) which include - Exempt service - Rs. 10 Lacs & Other service - Rs. 8 Lacs
Q. Is it necessary to take S.T. registration number?
21 May 2010
Consequent upon increase in threshold limit of exemption from Rs.8 lakh to Rs.10 lakh, notification No.26/2005-Service Tax dated 07.06.05 and notification No.27/2005- Service Tax dated 07.06.05 have been amended to raise the limit for obtaining service tax registration from Rs.7 lakh to Rs.9 lakh. [refer notification No. 9/2008-Service Tax, No. 10/2008-Service Tax, and No.11/2008-Service Tax, all dated 01.03.2008]