Is their any exemption or lower limit after crossing that travel agencies/tour operators are liable to pay their service tax?
2006-12-29 16:15:10 · 2 answers · asked by Rajiv 1 in Business & Finance ➔ Taxes ➔ India
There is exemption from service tax if your gross billing of all taxable services is less than Rs.4 lakh in a financial year.However,this exemption is not admissible if you have crossed gross billing in last financial year.
Further, in certain situations Tour Operators are required to pay service tax only on 40% of billing amount and on 10% of billing amount subject to conditions as prescribed under Service Tax Notification No.1/2006.Click on the link below for Notification
http://allindiantaxes.com/st_noti_2006_main1.php
2006-12-29 18:45:25 · answer #1 · answered by Anonymous · 0⤊ 0⤋
huh?
2006-12-29 16:17:56 · answer #2 · answered by Bonita Applebaum 5 · 0⤊ 0⤋