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TMI BlogExemption limit - Two services under same businessX X X X Extracts X X X X X X X X Extracts X X X X ..... In case of renting service, initial limit of Rs. 8.00 is available. What would happen if the assessee is providing another taxable service under his business totalling to Rs. 8.00 lacs plus. - Reply ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... By Madhukar N Hiregange - The Reply = If in the previous year his taxable servcies had not exceeded 8 lakhs ( not considering rent) Then he would be admissible for the frist 8 lakhs of receipts of tax ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... able sercvies. On the balance he would have to pay. - Reply By Venkatesh.p Venkatesh - The Reply = As per the notification 6/2005 dated 01.03.2005 and subsequently amended, the clause (vii) of ( 2) s ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... tates as follows. " exemption under this notifcation shall apply to the aggregate value of all such services and from all such premises and not seperately for each premises or each services ". Therefo ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... re even if one service exceeds R. 8.00 lakhs, then service tax has to be paid right from one rupee for the another service. I hope this is correct, the viewers may submit their views. - Exemption limi ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... t - Two services under same business - Query Started By: - Satish Goyal Dated:- 4-9-2007 Service Tax - Got 2 Replies - Service Tax - Discussion Forum - Knowledge Sharing, reply post by an expert, pe ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... rsonal 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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