Startups in india are exempted from service tax or vat

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s s bhati (Querist)
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14 December 2016 Startups in India are exempted from Service Tax or Vat ? please tell

CA R SEETHARAMAN (Expert)
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14 December 2016 They are exempted till reaching turnover of 10 lacs.

s s bhati (Querist)
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14 December 2016 Thanks Sir,
But is it applicable for both taxation eg. Vat and Service Tax or only for Service Tax ?

CA R SEETHARAMAN (Expert)
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14 December 2016 Only for service tax.

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