How does negative list for service tax work? Example : Yoga classes comes under negative list. If the total income from conducting such classes crosses 10 lak, would it attract service tax or would be exempt?
sharath (partner) (36 Points)
06 October 2015How does negative list for service tax work? Example : Yoga classes comes under negative list. If the total income from conducting such classes crosses 10 lak, would it attract service tax or would be exempt?
Madhur Asati
(6 Points)
Replied 06 October 2015
It would be exempted fully as covered in negative list..If anything covered in negative list then service tax would not be attracted.10 lakh limit is irrelevant
Niraj Kumar Sinha
(Sr. Officer, SPSIL)
(648 Points)
Replied 07 October 2015
Whatever services are mentioned in Negative List, there is no need of payament of service tax on all these services irrespective of Turnover of the assessee.
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