GK
TAXES IN INDIA
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Service tax is not payable if the aggregate value of taxable service does not exceed:
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Rs. 4,00,000
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Rs. 6,00,000
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Rs.8,00,000
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Rs.10,00,000
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Explanation:
Detailed explanation-1: -10 Lakhs in a financial year, the service tax provider is required to apply for Registration for Service Tax within 30 days of his turnover exceeding Rs. 9 Lakhs. Recommended Read: All about Service Tax Registration.
Detailed explanation-2: -(viii) the aggregate value of taxable services rendered by a provider of taxable service from one or more premises, does not exceed ten lakh rupees in the preceding financial year.
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