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TMI BlogThreshold exemptionX X X X Extracts X X X X X X X X Extracts X X X X ..... Threshold exemption X X X X Extracts X X X X X X X X Extracts X X X X ..... e yeatr 2001-2012. I have paid service tax for the above receipt of ₹ 3Lakh/-(Rs.10Lakhs exemption). In Receipt of ₹ 10Lakh I have received and paid Service tax for the sum of ₹ 4Lak ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... h. Now Whether i have to pay service tax for the balance of ₹ 6Lakh for the above year. Reply By MARIAPPAN GOVINDARAJAN: The Reply: Your query is not clear. The threshold exemption for levying ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... service tax is ₹ 10 lakhs. If the turnover exceeds ₹ 10 lakhs in a financial year service tax is laible to be levied. Reply By Naveed S: The Reply: Sir, In the first year for one time, ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... you can get threshold exemption upto ₹ 10 Lacs and then u need to get registration and pay service tax on amount exceeding ₹ 10 Lacs. However, if the above ₹ 13 lacs pertains to nex ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... t/subsequent year, then you have to pay service tax on the whole amount i.e. on Rs. 13 lacs. Reply By PAWAN KUMAR: The Reply: Dear Sir, The reply of Sh.Naveed Ji is right. If your turnover exceeds ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ₹ 10 Lakh during previous Financial year, You have to take registration during the succeeding year and start paying service tax on all your transactions. X X X X Extracts X X X X X X X X Extracts X X X X ..... ..... X X X X Extracts X X X X X X X X Extracts X X X X
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