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TMI BlogService tax including or excluding exemption limitX X X X Extracts X X X X X X X X Extracts X X X X ..... As per the contract we will raise the bill 10 lacks per month to our cleint as consulatancy charges. As pe r Notification No. 6/2005-ST up to 4 lacks have been exampted from service tax. My query is, Service tax is to be charge on Rs.10 lacks + S.T. or 6 lacks only? (10 lacks-4 lacks + ST), please give your expert views. - Reply By Surender Gupta - The Reply = You can avail the exemption un ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... der notification no. 6/2005 only if the turnover of taxable services provided in the previous year does not exceeds Rs. 4 lacks. You have not mentioned this fact in you query. Suppose you turnover was less than rs. 4 lachs in the previous year, in the current year you may avail the exemption upto rs. 4 lacs and start paying service tax on the value of service above rs. 4 lacs only. - Reply By M ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... adhukar N Hiregange - The Reply = For being eligible the value of taxable services provided in the previous year should not have been more than 4 L. In the current year the ST is payable after receipt of taxable services worth 4 lakhs. If no other receipt is there then it is possible that you can take a stand that on 4 lakhs as and when recived you would not be liable to pay and charge ST only on ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 6 l. - Service tax including or excluding exemption limit - Query Started By: - Vijay Chitte Dated:- 27-9-2006 Service Tax - Got 2 Replies - Service Tax - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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