service tax, Service Tax

[V Sethuraman]

Kindly explain the eligibility for availing exemption for Rs. 10 lakhs per financial year for the Service Tax

Posts / Replies

[CA Rachit Agarwal]

Value of Taxable Services should not exceed Rs. 10 Lacs.

Registration with the Service Tax Department would be required if the value of taxable services exceed Rs. 9 Lacs.

Value of taxable services= Gross Value of all the services less the value non taxable services and exempted services pursuant to notification in the official gazette.

Exemption is to be considered per assessee. Exemption should not be considered either division wise or office wise.