What is the limit for applying service tax for educational institute?
2 Replies
Rajesh Kumar
(Advocate- Tax)
(7806 Points)
Replied 30 January 2009
Limit? for applying for registration.
Well, service tax payment is exempted for the first gross value of Rs. 10 lakhs in a fnancial year. You are expected to take registration after crossing the limit of 9 lakhs.
However, the exemption notification is voluntary. If you dont want to avail exemption and want to take credit of the inputs/input services; you can opt to pay duty any time you wish.
inderjit
(article)
(145 Points)
Replied 30 January 2009
| Originally posted by :Rajesh Kumar | ||
| " | Limit? for applying for registration. Well, service tax payment is exempted for the first gross value of Rs. 10 lakhs in a fnancial year. You are expected to take registration after crossing the limit of 9 lakhs. However, the exemption notification is voluntary. If you dont want to avail exemption and want to take credit of the inputs/input services; you can opt to pay duty any time you wish. |
" |
thanks for reply
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