Threshold exemption

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..... I have crossed receipt of ₹ 13 Lakhs in the 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 ₹ 4Lakh. Now Whether i have to pay service tax for the balance of ₹ 6Lakh for the above year. - Reply By MARIAPPAN GOVINDARAJAN - The Reply = Your que .....

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..... ry is not clear. The threshold exemption for levying 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, you can get threshold exemption upto ₹ 10 Lacs and then u need to get registration and pay service tax on amount exceeding ₹ 10 L .....

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..... acs. However, if the above ₹ 13 lacs pertains to next/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 ₹ 10 Lakh during previous Financial year, You have to take registration during the succeeding year and start paying service tax on a .....

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..... ll your transactions. - Threshold exemption - Query Started By: - mohan k Dated:- 9-2-2015 Service Tax - Got 3 Replies - Service Tax - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax .....

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