Applicability of exemption limit 10 lacs
This query is : Resolved
28 November 2011
Hi,
Can any one please explain the applicability of 10 lacs thresh hold limit is available for every previous year.
for example we had crossed 10 lacs in year 2007-08 from 2009-10 we have not crossed 10 lacs, therefore for the financial year 2011-12 do we have to collect service tax or not.
Kindly clarify
Can any one please explain the applicability of 10 lacs thresh hold limit is available for every previous year.
for example we had crossed 10 lacs in year 2007-08 from 2009-10 we have not crossed 10 lacs, therefore for the financial year 2011-12 do we have to collect service tax or not.
Kindly clarify
28 November 2011
Dear one, always check whether in last year crossed basic limit that is 10l. So in last year not crossed so not applicable service tax this year. No need to collect.
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