basic exemption
This query is : Resolved
17 November 2009
plesae tell me is there any basic exemptionin service tax as in Income tax.
that is value of taxable service on which no service tax is payable give me the reference of the statury provision if any
that is value of taxable service on which no service tax is payable give me the reference of the statury provision if any
17 November 2009
Yes there is a threshold limit of Rs. 10 lakhs. For details refer Notification no 8/2008 dated 01/03/2008.
CA Ravi Sisodia
(Expert)
17 November 2009
agree with expert, limit for regestration is Rs. 900000.
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