Benefit of exemption limit

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..... Benefit of exemption limit
Query (Issue) Started By: - poonam Dated:- 30-6-2006 Last Reply Date:- 1-7-2006 Service Tax
Got 1 Reply
Service Tax
we just registered with the service tax dept .....

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..... . under business auxilary services head. we are commencing new business and have not provided any services till now.( We got registered out of ignorance of 4 Lacs exemption provision). can we claim th .....

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..... e benifit of Rs. 4 Lacs exemption now inspite of getting registered with Service Tax Dept. If Yes, Do i need to file the Nil Half yearly Returns? Reply By Madhukar N Hiregange: The Reply: Dear Poonam .....

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..... , Registration has nothing to do with claiming of the exemption under 6/2005. You would however have to file the returns indicating the amount of taxable servcies billed and received. After you corss .....

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..... 4 Lakhs of receipts of taxable servcies you wouldbe requried to start payment. If it is not likely in the next 2 years then you could surrender the registration stating that you are unlikely to cross .....

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..... 3 Lakhs ( at 3 L you are toget registered)
Discussion Forum - Knowledge Sharing .....

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