Service tax exemption limit 10 Lakhs ?

hi Rajesh,

1. As per the Service Tax (Registration of Special Category of Persons) Rules, 2005 when the agg. value of taxable services exceeds 9 lakhs reg is complusory.

2. In the query stated it is only 8 lakhs so reg is not necessay.

3. Yes benefit of 10 lakhs can be availed.

4. In regard of ST collected u can set it off with the CENVAT credit on IP or IPS used to provide the OPS. If still any St to paid to the govt. then reg has to be done with the department.

5. Any assessee who is liable  to pay ST should get registration as per ST rule 4.

Thank you

Agreed with  U S Sharma.

hi

1. Pvt ltd co can avail the benift of 10 lakhs in the first year. Notification is applicable to the assessee automatically. Option is only not to avail the benifit. Therefore exemption is automatic.

2. When there is no liability to collect Service Tax- ST collected should be returned back ( as said above) or should be treated as income.

3. In case the co goes for Reg. ST has to be collected on the 3 Lakhs bill also. hence it is advised to return the ST collected. 

Dear sir,

We are a Pvt Ltd Company in the field of Manufacturing of Pigments. We have avail service only on freight paid on purchase of Raw Material. The total value of Freight in the f.y. is aprox 5 to 6 lac. Can we avail the Exemption of service tax limit?

Rajesh

We want service tax exemption notification no. for service tax exemption limit availing  10 Lakhs.
 

Originally posted by : Devesh Kumar
	We want service tax exemption notification no. for service tax exemption limit availing  10 Lakhs.

Original Notification no. 6/2005 dated: 01.03.2005 amended from time to time..

In case of availing service tax exemption of a business of less than 10laks,  I guess we dont need to charge service tax to parties and if yes, is there no need to mention anything about service tax on invoices generated?

dear sir,

         please give me service tax rate to all service provider in pdf format-2012 budget.

We are Authorised service station of Tata Motors for Commercial vehicles. As per the current law  service  tax is not applicable on repair of goods carrying vehicles. we would like to know whether the above said exemption on repair of Trucks has been withdrawn and service tax made applicable w.e.f 01.07.2012?. if yes, are we liable to servic tax w.e.f 01.07.2012 or after exausting initial limit of 10 lacs? 

Please guide .

Deepak vedi

i have just started a partnership firm with the object of providing transport of goods service,

  ,whether 10lakhs exemption of service tax applcable or not, because in service tax there is abatment system for transport of goods system 

Dear Sir,

We are " Educational Training Institute." ( partnership firm - 2nd year )  we collect  affiliation  fee and other activities fee related to science projects. If our collection goes above 9.25 L . We are liable to take Registration of Service TAX? ( Last year TO is 7.5L ) Or  purchase value  is deducted from this collected amount and balance amount is liable to service tax. 

Neha