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Basic exemption

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Querist : Anonymous

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Querist : Anonymous (Querist)
09 December 2011 SIR

MY ASSESSEE HAD PAID SERVICE TAX ON 31.03.2010 BUT NO SERVICE TAX PAID IN 31.03.2011 I.E. NIL SERVICE TAX RETURNS IN 31.03.2011. NOW 31.03.2012 SERVICE WILL BE MORE THAN 10 LAC. IS BASIC EXEMPTION OF SERVICE TAX AVAILAVLE OR NOT. IF AVAILABLE THEN WHICH NOTIFICATION

CA SANDEEP GUPTA
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Aditya Maheshwari

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Aditya Maheshwari (Expert)
09 December 2011 Yes basic exemption would be available in case the total receipts in the previous year were less than 10 lakhs.
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