Basic threshhold exemption of rs 10 lacs
This query is : Resolved
05 December 2013
hi
whether threshhold exemption is applicable from the date of service becomes taxable or it should calculated for whole year for eg. if service becomes taxable from 01.07.2013 then we should calculate the exemption limit from july ir april
please any suggessions
thanks
CA Pratik Shahnand
(Expert)
05 December 2013
Dear Sachin,
Threshold limit will be calculated from the date when the services has come under the ambit of service tax. In your case it would be 1st July, 2013.
Threshold limit will be calculated from the date when the services has come under the ambit of service tax. In your case it would be 1st July, 2013.
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