27 August 2015
Service tax exemption under commerical coaching classes??????????? I run sole priopertrship concern that is coaching institute what are the service tax complications and tds complications i have started business in april 2015 and i do sales of hardly 700000 per momnth ????????????
27 August 2015
Since you have started the business this year, you can once claim the basic 10 lakh.
There is a small point in this...you need to charge, if at all you want, service tax in your bill from 10 lakh and above. But if you have started charging service tax prior to 10 lakh, you need to pay the same and in that case you can not claim the basic exemption.