Basic exemption
This query is : Resolved
Querist : Anonymous
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
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
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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