GTA service tax

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..... For example my turnover is 50 lakhs in a year . Around 40% of items are exempted form service tax( rice, pulses, milk, salt , foodgrains etc...) ie 20laks are exempted . In remaing 30 lakhs 70% is abated .ie 3000000 - 2000000 = 9 lakhs .Now my taxable service is 9 lakhs only. Can I get small scale exemption now ? Please clarify - Reply By KASTURI SETHI - The Reply = My answer is NO. Pl go thr .....

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..... ough Para 2(viii) of Notification No.33/12-ST dated 20.6.12 as amended. It starts with, aggregate value of taxable service and not taxable value. Service is taxable but exempted by way of abatement. - Reply By frankling g - The Reply = Sethi sir , whether the GTA has to pay service tax for the 9 lakhs? - Reply By KASTURI SETHI - The Reply = Dear Sir, In the example .....

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..... given by you, your figure of ₹ 9 lakhs is incorrect. Out of 50 lakhs, twenty lakhs is fully exempted. From ₹ 30 lakhs, deduct threshold exemption limit of Rs.ten lakhs. From remaining balance of ₹ 20 lakhs, avail abatement of ₹ 14 lakhs (70%). Now ST is to be paid on taxable value of Rs.6 lakhs and not 9 lakhs. Pl. note that if you have already crossed .....

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..... threshold exemption limit of Rs.ten lakhs in the preceding year, no threshold exemption is admissible this current year. - Reply By Ganeshan Kalyani - The Reply = Sir, I agree with the views of Sri Kasturi Sir. In detail reply submitted indeed. Thanks. - GTA service tax - Query Started By: - frankling g Dated:- 16-6-2016 Service Tax - Got 4 Replies - Service Tax - Discussion Forum - Knowled .....

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..... ge Sharing, reply post by an expert, personal opinion Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax .....

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