Basic Exemption
This query is : Resolved
27 April 2011
If i have crossed turnover of Rs 25 lacs in the previous year and now in current financial year my service gets liable under service tax law though new entry. Will i be able to get basic exemption of 10 lacs in current year also? Whether i am small service provider based on last years turnover?
28 April 2011
No once you have crosses the limit of 10 Lacs, then you are not eligible to avail such exemption.
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